The Criminal Investigation Department (CID), a specialized intelligence and investigation wing of the Bangladesh Police, has alleged that Beximco Group Chairman Ahmed Sohail Fasihur Rahman, Vice Chairman Salman F Rahman, and their associates laundered about $97 million abroad over five years under the guise of foreign trade.
CID Chief Sibgat Ullah said investigators have received court approval to file charge sheets in 17 money laundering cases against 28 individuals and 19 entities linked to the conglomerate. Between 2020 and 2024, the accused allegedly used 17 corporate entities to divert export proceeds through RR Global Trading in Dubai instead of repatriating the funds to Bangladesh.
Founded in the 1970s by brothers Sohail and Salman Rahman, Beximco Group is Bangladesh’s largest private-sector conglomerate, with businesses in textiles, pharmaceuticals, ceramics, energy, ICT, and finance. The company employs more than 70,000 people worldwide and generates over $2 billion in annual revenue.
Authorities have seized assets valued at $55 to $65 million, including land in Dhaka’s Dohar and luxury apartments in Gulshan, and have frozen multiple bank accounts. Salman, who is in jail, has been shown arrested in the cases.