Travel ban imposed on Bestway Group MD, wife

Dhaka Metropolitan Senior Special Judge Md Shahjahan Kabir passed the order

A Dhaka court on Monday imposed a travel ban on Bestway Group Managing Director (MD) and CEO Md Mizanur Rahman and his wife Tania Sultana Tanvi over allegations of money laundering and acquisition of assets beyond known sources of income under the guise of a housing business.

Dhaka Metropolitan Senior Special Judge Md Shahjahan Kabir passed the order following an application filed by the Anti-Corruption Commission (ACC), said ACC Public Relations Officer Akterul Islam.

Earlier, on 24 September, ACC Assistant Director (Money Laundering) Md Selim Mia submitted the application to the court.

According to the application, the ACC is conducting an inquiry into allegations that Mizanur Rahman and his wife Tania Sultana Tanvi laundered around Tk200 crore through fraud under the guise of a housing business and acquired assets beyond their known sources of income.

The application further said a case was filed under the Money Laundering Prevention Act with Banani Police Station on 21 July against Bestway Land Properties Ltd MD Mizanur Rahman, Chairman Tania Sultana and Director Md Momen over allegations of taking money from customers in the name of plot allocation but failing to hand over the promised plots or return the money.

The ACC said it had received information from a reliable source that Mizanur Rahman and his wife were attempting to leave the country and sought the court’s permission to prevent the couple from travelling abroad in the interest of a proper investigation into the allegations.