The Criminal Investigation Department (CID) arrested Khairul Bashar Bahar, the CEO of the prominent overseas education consultancy firm BSB Global Network, from Dhanmondi on Monday in connection with a money laundering investigation.
The arrest followed a tip-off and was executed by the CID’s Financial Crime Unit, led by Special Superintendent of Police Mohammad Abul Kalam Azad, according to a CID press release.
Preliminary investigations reveal that Bahar, alongside his wife and son, allegedly deceived hundreds of students and their families by making false promises of overseas education opportunities between January 2018 and December 2024. This scheme reportedly resulted in the embezzlement of crores of taka.
Information gathered so far shows 448 confirmed victims, but authorities believe the actual number is significantly higher. Multiple fraud and forgery cases related to the scam have been filed nationwide, including at the Gulshan Police Station.
CID investigators disclosed that the embezzled funds were withdrawn through accounts held by Bahar and others. The illicit money was then used to purchase properties, operate businesses, and facilitate unlawful financial transactions.
Following these findings, the CID registered a case under sections 4(2) and 4(4) of the Money Laundering Prevention Act, 2012 (amended 2015) at Gulshan Police Station (Case No. 05, dated 04/05/2025). The investigation remains ongoing.
