Money Laundering

ACC sues bdnews24 editor

Staff Correspondent

31 July, 2020 12:00 AM printer

The Anti-Corruption Commission (ACC) on Thursday filed a case against editor-in-chief Toufique Imrose Khalidi on charges of accumulating illegal wealth and laundering money.

The anti-graft body's deputy director Gulshan Anwar Pradhan filed the case at its Dhaka integrated district office-1, ACC sources said.

According to the case, Khalidi amassed “illegal wealth” worth Tk 420 million in 2019.

On November 26, the commission interrogated Toufique Imrose for about five hours at the ACC interrogation cell.

The ACC also questioned Riaz Islam, the chief executive officer of investment company LR Global, over its investment in

LR Global is an affiliate of LR Managers Investments, a New York-based investment holding company operating in Bangladesh.

In October, the Bangladesh Securities and Exchange Commission (BSEC) halted LR Global’s investment in until the capital market regulator completes assessment of the relevant documents.

The BSEC said that its attention was drawn to a media report that Tk 500 million would be invested in by LR Global or from funds managed by the asset manager. LR Global is an asset management company which is managing six closed-end mutual funds listed on the country’s stock exchanges.

The BSEC also asked all parties concerned with the matter to refrain from activities of the investment before the regulator receives all documents and assesses them.