Wednesday, 22 October, 2025
Bangladesh’s Joint Investigation Team (JIT), established to trace alleged money laundering by ousted Prime Minister Sheikh Hasina, her family, and ten industrial groups, has revised its target list of companies, removing Gemcon Group and adding Premier Group.
The move follows a review of evidence and ongoing investigations. Gemcon Group, led by former MP Kazi Nabil Ahmed of Jashore-3, has been removed from the JIT’s priority 10-group list, while Premier Group, associated with former Awami League MP HBM Iqbal, has been added.
The ten groups now under active investigation are: Bashundhara Group, Beximco Group, S Alam Group, Nabil Group, NASSA Group, Orion Group, Sikder Group, Aramit Group, Summit Group, and Premier Group. Individuals and entities linked to these groups are also being scrutinised.
The allegations include bribery, corruption, fraud, money laundering, tax evasion, and customs violations, with claims that funds were transferred abroad for investments in businesses, flats, and properties.
The operation is led by the Anti-Corruption Commission (ACC) alongside the Criminal Investigation Department (CID) and the National Board of Revenue (NBR), with the Bangladesh Financial Intelligence Unit (BFIU) coordinating efforts to prevent and trace money laundering.
ACC Director General (Money Laundering) Md Mokammel Haque told bdnews24.com, “A four-member team has been formed to investigate Premier Group over allegations of bribery, corruption, fraud, money laundering, and tax evasion. The team is led by Deputy Director Md Hossain Sharif. CID and NBR officials will also be involved.”
Gemcon Group, however, remains under general scrutiny. A BFIU official clarified, “Gemcon has not been removed from investigation. No substantial evidence of major money laundering or financial crime has been found, so their case will now be handled at ACC’s general investigation level. The joint investigations focus on tracing the source and flow of large sums transferred abroad and recovering them.”
Hasina and family:
Led by ACC Deputy Director Monirul Islam, with Assistant Directors Afnan Jannat Keya, AKM Mortuza Ali Sagar, SM Rashedul Hasan, and Atiya Mubasshira Toma. The ACC has filed 18 cases, six of which have resulted in chargesheets.
Bashundhara Group:
Deputy Director Jahangir Hossain heads the team, with Assistant Directors Md Sajidur Roman and Md Mahmudul Hasan Bhuiyan. No cases filed yet.
Beximco Group:
Led by Deputy Director Md Zainal Abedin, assisted by Deputy Director Sajjad Hossain and Minhaj Bin Islam. ACC has initiated 3 cases, CID 17.
Premier Group:
Deputy Director Sharif leads, assisted by Deputy Director Mostafizur Rahman, Assistant Director Azgar Hossain, and Assistant Sub-Director Sabrina Zaman.
Nabil Group:
Led by Deputy Director Md Masudur Rahman, with Assistant Directors Asaduzzaman and Habibur Rahman. Two cases filed.
NASSA Group:
Deputy Director Md Rauful Islam heads, assisted by Sohakul Islam and Md Abdul Malek. Four cases under investigation.
Orion Group:
Led by Deputy Director Md Rashedur Rahman, assisted by Md Mehedi Musa Jebin and Khorshed Alam. No cases filed yet.
S Alam Group:
Deputy Director Tahasin Munabil Haque leads, assisted by Md Ismail and Mahmudul Hasan. 16 cases filed.
Former Land Minister Saifuzzaman Chowdhury and associates:
Now led by Deputy Director Moshiur Rahman, previously Md Gulshan Anowar. Team includes Md Mainuddin and Muha Shoaib Ibn Alam. 11 cases filed.
Sikder Group:
Led by Director Md Manzur Morshed, assisted by Md Ashiqur Rahman and Md Kamiab Aftahi Un Nabi. Seven cases filed.
Summit Group:
Deputy Director Alamgir Hossain leads, with Assistant Directors Mohammad Jinnatul Islam and Md Nasrullah Hossain. One case filed and under investigation.
The JIT’s revised list and ongoing scrutiny highlight the government’s intensified focus on alleged money laundering and financial crimes linked to high-profile political figures and major industrial groups, amid growing public attention on accountability and transparency.
Comments
Bangladesh’s Joint Investigation Team (JIT), established to trace alleged money laundering by ousted Prime Minister Sheikh Hasina, her family, and ten industrial groups, has revised its target list of companies, removing Gemcon Group and adding Premier Group.
The move follows a review of evidence and ongoing investigations. Gemcon Group, led by former MP Kazi Nabil Ahmed of Jashore-3, has been removed from the JIT’s priority 10-group list, while Premier Group, associated with former Awami League MP HBM Iqbal, has been added.
The ten groups now under active investigation are: Bashundhara Group, Beximco Group, S Alam Group, Nabil Group, NASSA Group, Orion Group, Sikder Group, Aramit Group, Summit Group, and Premier Group. Individuals and entities linked to these groups are also being scrutinised.
The allegations include bribery, corruption, fraud, money laundering, tax evasion, and customs violations, with claims that funds were transferred abroad for investments in businesses, flats, and properties.
The operation is led by the Anti-Corruption Commission (ACC) alongside the Criminal Investigation Department (CID) and the National Board of Revenue (NBR), with the Bangladesh Financial Intelligence Unit (BFIU) coordinating efforts to prevent and trace money laundering.
ACC Director General (Money Laundering) Md Mokammel Haque told bdnews24.com, “A four-member team has been formed to investigate Premier Group over allegations of bribery, corruption, fraud, money laundering, and tax evasion. The team is led by Deputy Director Md Hossain Sharif. CID and NBR officials will also be involved.”
Gemcon Group, however, remains under general scrutiny. A BFIU official clarified, “Gemcon has not been removed from investigation. No substantial evidence of major money laundering or financial crime has been found, so their case will now be handled at ACC’s general investigation level. The joint investigations focus on tracing the source and flow of large sums transferred abroad and recovering them.”
Hasina and family:
Led by ACC Deputy Director Monirul Islam, with Assistant Directors Afnan Jannat Keya, AKM Mortuza Ali Sagar, SM Rashedul Hasan, and Atiya Mubasshira Toma. The ACC has filed 18 cases, six of which have resulted in chargesheets.
Bashundhara Group:
Deputy Director Jahangir Hossain heads the team, with Assistant Directors Md Sajidur Roman and Md Mahmudul Hasan Bhuiyan. No cases filed yet.
Beximco Group:
Led by Deputy Director Md Zainal Abedin, assisted by Deputy Director Sajjad Hossain and Minhaj Bin Islam. ACC has initiated 3 cases, CID 17.
Premier Group:
Deputy Director Sharif leads, assisted by Deputy Director Mostafizur Rahman, Assistant Director Azgar Hossain, and Assistant Sub-Director Sabrina Zaman.
Nabil Group:
Led by Deputy Director Md Masudur Rahman, with Assistant Directors Asaduzzaman and Habibur Rahman. Two cases filed.
NASSA Group:
Deputy Director Md Rauful Islam heads, assisted by Sohakul Islam and Md Abdul Malek. Four cases under investigation.
Orion Group:
Led by Deputy Director Md Rashedur Rahman, assisted by Md Mehedi Musa Jebin and Khorshed Alam. No cases filed yet.
S Alam Group:
Deputy Director Tahasin Munabil Haque leads, assisted by Md Ismail and Mahmudul Hasan. 16 cases filed.
Former Land Minister Saifuzzaman Chowdhury and associates:
Now led by Deputy Director Moshiur Rahman, previously Md Gulshan Anowar. Team includes Md Mainuddin and Muha Shoaib Ibn Alam. 11 cases filed.
Sikder Group:
Led by Director Md Manzur Morshed, assisted by Md Ashiqur Rahman and Md Kamiab Aftahi Un Nabi. Seven cases filed.
Summit Group:
Deputy Director Alamgir Hossain leads, with Assistant Directors Mohammad Jinnatul Islam and Md Nasrullah Hossain. One case filed and under investigation.
The JIT’s revised list and ongoing scrutiny highlight the government’s intensified focus on alleged money laundering and financial crimes linked to high-profile political figures and major industrial groups, amid growing public attention on accountability and transparency.
Comments
