Summary:
- CID arrests Sadeeq Agro Chairman Imran Hossain in Tk133 crore money laundering case
- Company accused of smuggling cows from neighboring countries and fraudulent advertising
- Case filed under Prevention of Money Laundering Act at Mohammadpur Police Station
- Investigations triggered by controversy over Tk15 lakh goat sale last year
The Criminal Investigation Department (CID) of Bangladesh police has arrested Imran Hossain, Chairman of Sadeeq Agro, in connection with a Tk133 crore money laundering case. The arrest was made on March 3, 2025, following the filing of a case under the Prevention of Money Laundering Act at Mohammadpur Police Station.
Special Superintendent of Police Jasim Uddin of the CID’s Media Wing confirmed the arrest to The Business Standard. The case, filed by the CID’s Financial Crime Unit, alleges that Sadeeq Agro engaged in smuggling, fraud, and forgery to import cows from Bhutan, Nepal, Myanmar, and Thailand.
According to the case statement, the company is accused of fraudulently advertising Bangladeshi cows and goats as foreign breeds and selling them at inflated prices in sacrificial animal markets. This practice came under scrutiny last year following a controversy involving the sale of a goat reportedly priced at Tk15 lakh to Mushfiqur Rahman Ifat, son of former National Board of Revenue member Matiur Rahman.
The incident prompted investigations by several agencies, including the Anti-Corruption Commission and the National Board of Revenue, to probe potential irregularities within Sadeeq Agro’s operations.
The arrest of Imran Hossain marks a significant development in the ongoing investigation into alleged financial crimes within the livestock industry. As the case unfolds, it is expected to shed light on the extent of the alleged money laundering operation and its impact on the local agricultural sector.
Authorities have not yet released information regarding potential court appearances or legal representation for the accused. The CID continues its investigation, and further details are anticipated as the case progresses.
