JHM creates reign of hundi business

So-called company ‘JHM’ has unleashed a network of hundi business in Rajshahi, laundering huge money and causing a great loss to the country’s economy.

Under the guise of onion and stone imports from India, the company brings arms, explosives and heroin, posing a serious threat to the national security.

An investigation has found that the company owned by three brothers -- Jahangir Alam, Mohammad Humayun Kabir and Mohammad Mehedi Hasanin Biplob -- is siphoning huge money off the country.

Mehedi Hasanin is the chairman of the company while Jahangir Alam and Mohammad Humayun Kabir directors.

The network of the trio is not confined to Rajshahi as they unleashed their claws into four other districts and 11 upazilas.

As stone import is a tool of running hundi business, the company sells and markets the product at low prices.

Hailing from Murshidabad, the three brothers along with their maternal uncle Enamul Huq established Bangladesh-India hundi business in 2017.

Grocers and cobblers have become millionaire within a few years through the illegal way.

The three brothers are riding luxury BMW, Prado and Lexus vehicles.

A few years after a mob beating for robbery, Biplob has become a wealthy man in the country.

Mokhlesur Rahman Mukul of Rajshahi, Altaf Hossain of Putia and Tozammel Huq of Chapainawabganj are hands in glove.

They launder nearly Tk 100 crore every day, jeopardising the country’s economy, sources said.

The then director of the Prime Minister’s Office, Farid Ahmed, issued a letter, asking law enforcers to initiate a drive against syndicate on December 28, 2017.

On March 29, 2018, the Police Headquarters issued a letter, asking the officials concerned of Rajshahi to be active against the hundi syndicate.

Reliance Money Exchanger, MS Money Exchanger and Moonlight Money Exchanger at Saheb Bazar in Rajshahi are also involved in the illegal business.

Several sources confirmed that three brothers of Bangladesh-based JHM group in collusion with infamous hawala operator Md Enamul Haque and other cash peddlers are allegedly involved in suspicious unaccounted cash transactions in India, Enforcement Directorate (ED) in a statement recently said.