The Criminal Investigation Department (CID) of Bangladesh Police has frozen assets worth approximately Tk 500 crore belonging to Ruhul Amin Swapan, the alleged leader of a syndicate involved in manpower export to Malaysia, along with his associates and related entities.
On Wednesday, August 20, 2025, Dhaka Metropolitan Senior Special Judge Zakir Hossain issued an order to freeze these assets following an application by the investigating officer of CID’s Financial Crime Unit. The assets have been seized in accordance with the court’s directive.
CID’s Special Superintendent of Police (Media) Jasim Uddin Khan confirmed the development. He stated that Ruhul Amin Swapan, through a syndicate formed under the guise of exporting manpower to Malaysia, allegedly embezzled Tk 8,000 crore and used the funds to acquire properties, including houses and land, amassing significant wealth. Swapan is accused of money laundering offenses.
Khan further revealed that Swapan’s manpower export agency, Catharsis International, owns land in Bashundhara Residential Area, Banani, and Uttara, totaling 231 kathas across seven deeds, with a documented value of Tk 15.55 crore. Including various infrastructure, the total value of the seized immovable assets amounts to approximately Tk 500 crore.
The CID’s investigation into other members of the syndicate is ongoing, and appropriate legal action under the Money Laundering Prevention Act will be taken against them, Khan added.
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