The Criminal Investigation Department (CID) of the police has filed a case against Diamond World Managing Director (MD) Dilip Kumar Agarwala on charges of money laundering of Tk 6.78 crore earned by collecting gold and diamonds through smuggling.

The CID said in a press release on Tuesday that the case was filed at Gulshan Police Station on Monday.

The notification said that on September 29 last year, the CID Dhaka Financial Crime Unit began an investigation by reviewing the financial transactions, documents and bank accounts of Diamond World Limited. The investigation showed that the company had earned illegal money by collecting gold and diamonds through smuggling from the local market. A case was filed after initial information and evidence proved the truth of smuggling and earning money without source.

The case alleges that Dilip Kumar Agarwala, as the owner of Diamond World and Diamond World Limited, had been involved in money laundering and smuggling under the guise of operating gold and diamond businesses in the country and abroad for a long time.