ACC sues alleged hundi trader for siphoning off money

The Anti Corruption Commission (ACC) filed Sunday a case against an alleged money-launderer for siphoning off about Tk 3.28 billion.

ACC assistant director Shamsul Alam filed the case against Mohammad Sabbir, owner of four private firms, with city's Chawkbazar Model Thana, ACC public relations officer Pranab Kumar told journalists at the ACC head office, reports UNB.

Mohammad Sabbir is the owner of SS Enterprise, GS Enterprise, KGN Enterprise and NS Trading Company.

According to the first information report (FIR), Mr Sabbir amassed the large amount of money through hundi (illegal channel of money transfer) business. He deposited about Tk 3.28 billion at 19 bank accounts of his firms in cash or through transfer of money and withdrew it.