The Criminal Investigation Department (CID) of Bangladesh Police arrested 14 hundi traders involved in illegal and over-the-rate transactions while conducting drives in Dhaka.
Legal action has also been taken against three money exchangers – Gulshan’s JMCH Pvt Ltd, Mohammadpur’s Alam & Brothers, and Ashkona’s Taimur Money Exchange, Mohammad Ali Mia, Additional IGP of CID, told media at CID headquarters in Malibagh, Dhaka today.
Currently, there are 235 licensed legal money exchangers in Bangladesh. According to information received from the related organisations, more than 1,000 illegal money exchangers are operating in Bangladesh.
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Besides, there are many floating, illegal businesses in various areas including Motijheel, Gulshan, Uttara and near the Dhaka airport, said the CID officer.
Tipped-off, a special team of CID conducted drives simultaneously at five locations in Dhaka city – Gulshan-1, Ring Road, Mohammadpur, Ashkona, AB Market and China Market in Uttara – on Tuesday and arrested 14 people with huge amount of local and foreign currencies.
During the drive, a total of Tk 1,99,61,376, including foreign currencies of 19 countries worth Tk 1,11,19,826, were seized from their possession.
The arrestees trade foreign currency without the permission (license) of Bangladesh Bank through their own offices and floating operations in different areas of the capital.
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During primary interrogation, the arrestees admitted that each of the mentioned businesses illegally trade foreign currency worth about Tk 70-75 lakh daily.
Cases will be filed against the arrestees under the Special Powers Act, 1974, said the officer.