Bestway Chair, MD sued over money laundering

Police’s Criminal Investigation Department (CID) has filed a money laundering case against Bestway Land Properties Ltd’s Managing Director Md Mizanur Rahman, Chairman Tania Sultana Tanvi, Director Md Momen, and 17 affiliated companies over allegations of collecting money from customers in the name of plot allocation without handing over the promised plots or refunding the payments.

The CID said the case was filed with Banani Police Station on July 21 after a preliminary inquiry found evidence that funds had been fraudulently obtained and later transferred and converted through bank accounts operated by the affiliated companies.

17 companies linked to the accused have also been named in the case, including Bestway Land Properties Ltd, Bestway Design and Development Ltd, Great Wall Land Property Ltd, Bestway Powertech Ltd, Bestway Foundation Ltd, Bestway Cooperative Commercial Credit Ltd, Novelta Bestway Pharmaceuticals Ltd, Bestway Motors Ltd, Bestway Venture Capital and Incubation Ltd, Bestway Nationwide Housing Ltd, NRB Town Ltd, Bestway Agro Ltd, Bestway Times City Ltd, Bestway Jemi Land Properties Ltd, Global Connect BD Ltd, Heritage Hotels and Resorts Ltd and Bestway Media and Communication Ltd. CID Additional Special Superintendent of Police (Media) Abu Taleb confirmed the development in a press release on Wednesday.