Home Bank & Finance Tk 75,000cr laundered by hundi in a year: CID
Bank & Finance - September 8, 2022

Tk 75,000cr laundered by hundi in a year: CID

Staff Correspondent: Police’s Criminal Investigation Department (CID) has arrested 16 people using mobile banking or mobile financial service (MFS) bKash, Nagad, Rocket and upay in digital hundi transactions worth billions of dollars.
According to the CID, the agency started the investigation due to the increase in the price of the dollar in the country. In the investigation, the CID found out that the hundi traders have smuggled 7.8 billion dollars worth Tk 75,000 crore in the last one year.
CID chief Additional IGP Muhammad Ali Mia held a press conference on this issue yesterday.
He said the CID is investigating the increase in the price of the dollar. 16 people involved in hundi transactions have been held. During their interrogation, they informed that Tk 20.70 crore have been smuggled in the last 4 months
Besides, by collecting information through CID’s cyber intelligence, CID has found more than 5000 agents who are doing hundi in MFS, he also said.
CID chief said that the agency came to know at the initial stage that they were found to be involved with MFS agents through bKash, Nagad, Rocket and upay. These 5,000 agents have smuggled Tk 25,000 crores in the last 4 months and Tk 75,000 crores in a year.

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