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The Bangladesh Financial Intelligence Unit (BFIU) has reportedly sought detailed bank account information of several individuals linked to the KDS Group, including a former chairman of Al-Arafah Islami Bank, senior executives of the group, and their family members, amid allegations related to money laundering and other financial irregularities.
According to sources, those under scrutiny include key figures associated with KDS Group and their close relatives, who are also connected to various business entities in Chattogram. The move is part of an ongoing investigation into suspected financial misconduct and the flow of funds involving related companies.
Officials also indicated that broader changes may take place in the governance structure of Al-Arafah Islami Bank, following concerns over management practices and oversight issues. Earlier reports from sources within Bangladesh Bank suggested that reforms in the bank’s board structure were being considered, although questions about governance and compliance reportedly persist.
Authorities have not publicly confirmed all specific allegations, and investigations are ongoing.
https://thedailyexpress.news/news/business/1f157765-f047-60c0-810e-f2a198d51dde