ACC sues bdnews24 editor-in-chief for amassing ‘illegal wealth worth Tk42cr’
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
February 03, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, FEBRUARY 03, 2023
ACC sues bdnews24 editor-in-chief for amassing ‘illegal wealth worth Tk42cr’

Crime

TBS Report
30 July, 2020, 09:55 pm
Last modified: 30 July, 2020, 10:12 pm

Related News

  • Recruitment irregularities: ACC starts probe against ex-VC of Khulna Agricultural University
  • Court orders authorities to issue gazette asking Tarique-Zubaida to appear on 6 Feb 
  • ACC to investigate Bangladeshi buying spree in Dubai's real estate sector
  • Haji Salim freed on bail
  • TIB concerned over the “bureaucratisation” of ACC

ACC sues bdnews24 editor-in-chief for amassing ‘illegal wealth worth Tk42cr’

The FIR says Khalidi earned the money through illegal means by creating fake documents

TBS Report
30 July, 2020, 09:55 pm
Last modified: 30 July, 2020, 10:12 pm
Photo: Collected
Photo: Collected

The Anti-Corruption Commission (ACC) on Thursday filed a case against Toufique Imrose Khalidi, editor-in-chief of online news portal bdnews24.com, for allegedly depositing Tk42 crore which have no "legal source" in different banks.

Gulshan Anwar Pradhan, deputy director of the anti-graft watchdog, filed the case at ACC's integrated district office Dhaka-1.

In the First Information Report (FIR) of the case, the ACC said Khalidi earned the money through illegal means by creating "fake documents." 

Reaz Islam, CEO of LR Global Asset Management Company Limited – a New York-based investment holding company operating in Bangladesh – has also been implicated in ACC's enquiry.

The FIR says Reaz Islam was not sued, but instead, the ACC sent a letter to the Bangladesh Securities and Exchange Commission (BSEC) as his money laundering offence is linked to the capital market. 

The BSEC is entitled to investigate money laundering crimes related to the capital market.

According to the FIR, the value of share of bdnews24.com was shown at Tk12,500 by creating fake documents. But the real price of the share was Tk100, where Tk12,400 was shown as premium of each share. 

The ACC said this valuation was unbelievable, and the first of its kind in the country. 

Khalidi claimed that they had prepared the valuation with the help of Brac EPL. However, Brac EPL said that they were not involved in any valuation of shares of bdnews24.com. 

The FIR adds that 40,000 shares of bdnews24.com were shown sold to Reaz Islam, the CEO of LR Global. LR global invested Tk50 crore in shares of bdnews24.com without the permission of BSEC.

Then Tk50 crore was further transferred to different bank accounts of Khalidi and a few other companies, reads the FIR.

Khalidi came under the ACC scanner after bdnews24.com declared its Tk50 crore investment from LR Global Asset Management Company Limited.

On November 26 last year, the ACC grilled Khalidi for five hours at its interrogation cell. One week later, the anti-graft body also quizzed Reaz Islam. 

After a long enquiry, the ACC filed the case against this senior journalist.

Meanwhile in February, the ACC confiscated Tk42 crore with a court order. Among them, nine were fixed deposit receipts (FDRs) of bdnews24.com and 13 were Khalidi's personal FDRs. 

Among the confiscated amount, there were Tk42 crores, including Tk24 crore in the name of Toufique Imrose Khalidi.  

The Business Standard made several attempts to reach Khalidi over the phone, but he did not respond till the filing of this report.

Top News

bdnews24.com chief editor / ACC

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Gautam Adani. Photo: Bloomberg
    Adani’s $108 billion crisis shakes investors’ faith in India
  • International Monetary Fund logo : AP via UNB
    IMF sets time-bound reform agenda as it releases first tranche of loan
  • Shipped Bhola gas to cost higher, yet cheaper than spot LNG
    Shipped Bhola gas to cost higher, yet cheaper than spot LNG

MOST VIEWED

  • Mugging rife in Tejgaon, murder in Wari
    Mugging rife in Tejgaon, murder in Wari
  • Photo: TBS
    5 Arsa members arrested in Cox's Bazar
  • 8 members of a Dhaka youth gang arrested
    8 members of a Dhaka youth gang arrested
  • Afghan returnee regrouping HuJi-B, say cops after arresting six militants
    Afghan returnee regrouping HuJi-B, say cops after arresting six militants
  • Birth registration forgery: Ctg city for resuming certificate issuance
    Birth registration forgery: Ctg city for resuming certificate issuance
  • 4 held in Ctg while smuggling endangered animals
    4 held in Ctg while smuggling endangered animals

Related News

  • Recruitment irregularities: ACC starts probe against ex-VC of Khulna Agricultural University
  • Court orders authorities to issue gazette asking Tarique-Zubaida to appear on 6 Feb 
  • ACC to investigate Bangladeshi buying spree in Dubai's real estate sector
  • Haji Salim freed on bail
  • TIB concerned over the “bureaucratisation” of ACC

Features

Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

4h | Panorama
Photo: Rejaul Hafiz Rahi

A jackal farewell

5h | Earth
The trio spearheading the revival of book cover designs

The trio spearheading the revival of book cover designs

6h | Panorama
Six Jeep Wranglers and a special XJ Jeep Cherokee set out into the depths of Lalakhal, Sylhet for an experience of a lifetime. Photo: Ahbaar Mohammad

Jeep Life Bangladesh: A club for Jeep owners to harness the power of their vehicles

1d | Wheels

More Videos from TBS

A proper price formula can help investors to plan big

A proper price formula can help investors to plan big

20h | TBS Round Table
Rumors about Sarika that everyone thinks are true

Rumors about Sarika that everyone thinks are true

18h | TBS Entertainment
Mugging rife in Tejgaon, murder in Wari

Mugging rife in Tejgaon, murder in Wari

21h | TBS Current Affairs
What secrets are hidden behind Adani's wealth?

What secrets are hidden behind Adani's wealth?

19h | TBS Stories

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Photo: Collected
Energy

8 Ctg power plants out of production

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]