Diamond World MD Dilip Agarwala remanded

A Dhaka court on Tuesday placed Diamond World Managing Director Dilip Kumar Agarwala on a one-day remand in a money laundering case involving the alleged illegal trading of gold and diamonds worth Tk 678.19 crore.

Dhaka Metropolitan Magistrate Md Ariful Islam passed the order after a hearing on October 20, rejecting Agarwala’s bail petition. The Criminal Investigation Department (CID) had sought a three-day remand for interrogation.

Agarwala was arrested by the Detective Branch of Dhaka Metropolitan Police from Banani on Monday evening. He was produced before the Chief Metropolitan Magistrate’s Court on Tuesday.

The CID investigation officer told the court that Agarwala needed to be interrogated to collect and examine evidence and establish the alleged money laundering activities. His lawyers opposed the remand and sought his release on bail, while the prosecution opposed bail.