Published : 18 Nov 2025, 05:44 PM
Updated : 21 Aug 2026, 02:45 PM
The Criminal Investigation Department (CID) has filed a case against Diamond World owner Dilip Kumar Agarwala over allegations of laundering Tk 6.78 billion through smuggling gold and diamonds.
According to a statement, the money laundering case was lodged at Gulshan Police Station on Monday under the Money Laundering Prevention Act.
CID said preliminary findings show that Dilip acquired Tk 6.78 billion through the alleged illegal collection and smuggling of gold and diamonds.
Citing preliminary investigations, the agency said the company legally imported gold bars, jewellery, loose diamonds and other items worth Tk 38.47 million through letters of credit between Sept 6, 2006 and Feb 8, 2024.
During the same period, the company acquired gold and diamonds worth Tk 6.78 billion from the local market through purchase, exchange and conversion, but failed to produce valid documentation on the sources or suppliers when the information was requested by CID.
Due to the absence of proper records, the CID says it “appears” that these large quantities of gold and diamonds were brought into the country illegally through smuggling.
On Sept 3 last year, RAB arrested Dilip during a midnight raid at the Diamond World office in Gulshan.
