He said the commission approved the action after receiving allegations of money laundering and reviewing the preliminary evidence from its investigation. According to the chargesheet, Khokon and Shahana allegedly channelled funds using seven accounts across City Bank, EXIM Bank, and Premier Bank through their company Sayeed Khokon Properties, moving the total sum through layering. The ACC said Shahana provided “false and misleading” information about her profession, income, and identity when opening the accounts. Her brother, then serving as mayor, allegedly colluded with the company’s manager Md Raju Ahmed to acquire this money as illicit assets through repeated transactions. The ACC said Khokon, Shahana, and Raju allegedly violated Sections 409, 420, and 109 of the Penal Code, Section 5(2) of the Prevention of Corruption Act, 1947, and Sections 4(2) and 4(3) of the Money Laundering Prevention Act, 2012.
