The Criminal Investigation Department (CID) of Police has brought 100 business firms under surveillance following preliminary probe findings on their involvement in money laundering, competent sources said. According to them, these businesses used L/Cs as a tool of money laundering. The investigation has been launched following a tip-off from the central bank.
Officials concerned said the CID would soon send its investigation report to the Bangladesh Bank with a recommendation for taking stern action against the unscrupulous business persons. “The law-enforcement agency has been observing a large number of business houses allegedly involved in financial crimes, including money laundering through letters of credit….”
