TDS Desk:

Managing Director of Diamond World Dilip Kumar Agarwala has long been conducting business by passing off the glass as diamonds, amassing immense wealth in the process.

After information surfaced regarding his illegal assets and the large sums of money he allegedly laundered abroad, various intelligence agencies in the country have begun investigating him.

Recently, the Criminal Investigation Department (CID) of the Bangladesh Police sought assistance from the National Board of Revenue (NBR) to further investigate his money laundering activities.

In a letter to the NBR, CID’s Financial Crime Division requested tax return information for Dilip Agarwala and his family members from 2005 to the present. The family members include his wife Savita Agarwala, his son Yash Agarwala, and his daughter Achal Agarwala.

CID believes that this information will help them carry out a thorough investigation into the money laundering allegations.

There are no diamond mines, imports, or lab-grown diamond factories in Bangladesh. Additionally, diamond smuggling incidents have been very rare since the country’s independence. However, during the tenure of the Awami League government, Agarwala received special privileges and grew wealthy by running a business based on glass rather than real diamonds. He even secured a position on the central industry’s trade subcommittee.

Recently, Dilip Agarwala has also faced charges in a student murder case.