The Criminal Investigation Department (CID) has seized assets worth around TK 33 crore belonging to Khairul Bashar, the owner of BSB Global Networks, as part of an ongoing money laundering investigation. According to a CID statement, investigators allege that Bashar and his associates defrauded students by promising admission to universities in countries including the United States and Canada through low-cost, fast-track study abroad programmes. Authorities say the group collected millions of Taka from aspiring students using misleading advertisements and false promises.
Allegations and Investigation Details
The case was filed with Gulshan Police Station on May 4, 2025, under the Prevention of Money Laundering Act, 2012 (amended 2015) after investigators said they found preliminary evidence that Bashar had amassed substantial assets using earnings from the alleged fraud. CID's Financial Crime Unit arrested Bashar from the Dhanmondi area on July 14, 2025, and produced him before a court.
Properties Seized
During the investigation, detectives alleged that the suspected proceeds of crime were used to acquire multiple properties, including an apartment in Bhatara registered in the name of Bashar's first wife, another flat in the Sheltech Bithika project in the name of his second wife, Kaniz Fatema (also known as Dona), two apartments in Rajabazar, and two multi-storey residential buildings on Aziz Road in the capital. Investigators also identified 3,482.5 decimals of land registered in Bashar's name and in the name of his company. The CID said the total deed value of the seized properties is around TK 33 crore.
Court Order and Ongoing Investigation
Acting on an application from the Financial Crime Unit, a Senior Special Judge's Court ordered attachment of the immovable assets. Investigators alleged that although Bashar presented himself as an education consultant and businessman, he operated a coordinated fraud network through BSB Global Networks, targeting students seeking higher education abroad. The CID claims the group collected hundreds of millions of Taka through fraudulent means and invested the proceeds in real estate.
Significance and Next Steps
The investigation is continuing, and authorities say they are tracing additional movable and immovable assets allegedly linked to the suspect across the country. This case highlights the growing concern over fraudulent activities in the education sector and the efforts by law enforcement to combat money laundering and financial crimes in Bangladesh.
