The officials describe her as a ‘close companion’ of former law minister Anisul HuqThe Criminal Investigation Department, or CID, has launched an investigation into former Citizens Bank chair Towfika Karim over alleged foreign money laundering, identifying her as a "close associate" of former law minister Anisul Huq. Towfika is said to have assumed the role of chair at Citizens Bank after Anisul’s mother Jahanara Huq, passed away. The CID report alleges that Towfika, using Anisul’s illicit funds, acquired properties as "second homes" in Canada, Dubai, and Malaysia. CID sources suggest Towfika may have fled to Canada on Jul 26, just before the Awami League administration’s Aug 5 ouster. Citing money laundering violations under the Money Laundering Prevention Act, CID’s Financial Crime Unit has officially launched a probe into her and associated parties.

Source: bd News24 November 06, 2024 14:11 UTC