Regent Chairman, MD Put on 8-Day Remand

A Dhaka court on Thursday placed Regent Group Chairman Md Shahed alias Shahed Karim and Managing Director Masud Pervej on 8-day remand in a case lodged under the money laundering prevention act.

Dhaka Metropolitan Magistrate Ziaur Rahman passed the order as investigating agency CID produced the duo before the court and pleaded to place them on a 10-day remand in the case lodged with Uttara West Police Station.

The court also showed Shahed arrested in a fraud case filed with the same police station.

CID inspector Ibrahim Hossain filed the case on August 25 for amassing Taka 11 crore through fraud and laundering the money abroad.

Shahed was arrested by RAB from Debhata upazilla of Shatkhira on the early hours of July 15 and was airlifted to the capital in the morning. On the other hand, Pervej was arrested from Gazipur on July 14.