Regent Group chairman, MD remanded in money laundering case

Regent Group chairman Md Shahed alias Shahed Karim
Regent Group chairman Md Shahed alias Shahed Karim
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A Dhaka court on Thursday placed Regent Group chairman Md Shahed alias Shahed Karim and managing director Masud Pervez on eight-day remand in a case lodged under money laundering prevention act, reports BSS.

The court of Dhaka metropolitan magistrate Ziaur Rahman passed the order as investigating agency CID produced the two before the court and pleaded for 10-day remand of each in the case lodged with Uttara (West) police station.

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The court also showed Shahed arrested in a fraud case filed with the same police station.

CID inspector Ibrahim Hossain filed the case on 25 August for amassing Taka 110 million through fraud and laundering the money abroad.

Shahed was arrested by RAB from Debhata upazila in Satkhira in the small hours of 15 July and was airlifted to the capital in the morning. On the other hand, Pervez was arrested from Gazipur on 14 July.

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