The Criminal Investigation Department has confiscated assets worth about Tk聽43 crore belonging to BSB Global Network chair Khairul Bashar Bahar in connection with a money laundering case.
The CID鈥檚 financial crime unit seized the assets following a court order, said a press release issued by the CID on Tuesday.
Khairul Bashar and his associates embezzled several crore takas by deceiving students by promising them of higher education in various countries, including the United States and Canada, said the press release.
A team of the CID鈥檚 financial crime unit arrested Khairul Bashar in the capital鈥檚 Dhanmondi area on July 14 in the money laundering case filed with the Gulshan police station.
An investigation revealed that Khairul Bashar had purchased land with swindled money, the current market value of which is about Tk聽42.85 crore.
The CID said that the investigation into the case was ongoing and the search for more immovable and movable assets in his name continued in various parts of the country.