The Ant-Corruption Commission (ACC) has filed a money laundering case against Al Arafah Islami Bank Director Badiur Rahman.
ACC Deputy Director Jalal Uddin Ahmed filed the case with Motijheel police station Tuesday.
Public Relations Officer Pranab Bhattacharya confirmed it to Bangla Tribune.
According to the case document, Badiur Rahman set up a company named M/S Ariel Maritime (Pvt) Limited with three directors in Singapore in 2003.
It’s authorised capital was one million Singapore dollar while paid-up capital was 50,000 dollar, where Badiur injected 25,000 dollar in 2003.
He became the sole owner and started operating the company along from 2004 and he raised the paid-up capital to half a million Singapore dollar equivalent to about 15 million taka.
During an ACC investigation over the issue, Badiur could not produce any document which showed that the amount he invested is legally earned.