BSB Global Network Chairman Bashar Arrested, Remanded for 10 Days in Money Laundering Case
The Criminal Investigation Department (CID) arrested Khairul Bashar, Chairman of BSB Global Network, on Monday in a money laundering case. A Dhaka Chief Metropolitan Magistrate (CMM) Court granted a 10-day remand for Bashar on Tuesday to allow further interrogation.Bashar was produced before the court by the CID on Tuesday afternoon, with the agency requesting a 10-day remand for questioning in connection with a case filed under the Money Laundering Prevention Act. The court granted the request after a hearing. The CID arrested Bashar from Dhaka’s Dhanmondi area on Monday. The case was initially filed by the CID at Gulshan Police Station on May 4 and is currently under investigation. Bashar faces allegations of defrauding individuals of large sums of money by promising overseas higher education opportunities. According to the CID, preliminary investigations revealed that between 2018 and 2024, Bashar, along with his wife Khandakar Selima Rowshan and son Arsh Ibne Bashar, formed an organized syndicate to deceive students. The group allegedly collected substantial amounts from students under the pretext of securing university admissions, scholarships, and visa processing services abroad. They used fake visa processing, fabricated representations, and enticing advertisements to lure victims. However, investigations found that applications were never submitted to foreign universities in many cases, and several students who traveled abroad were also deceived. The CID reported that at least 448 individuals have come forward as victims of this fraud, though the actual number is believed to be higher. Several victims have already filed cases at various police stations, accusing Bashar and his associates of fraud and forgery. According to the CID, Bashar and his family members deposited the money collected from students into various bank accounts, which was later used to purchase immovable assets, run businesses, and illegally transfer funds.