Diamond World MD Dilip Kumar Agarwala Arrested in Massive Laundering Probe
Dhaka police arrest Diamond World MD Dilip Kumar Agarwala in a massive BDT 678 crore money laundering and smuggling probe.
In a significant crackdown on financial crimes, the Detective Branch (DB) of the Dhaka Metropolitan Police has arrested Dilip Kumar Agarwala, a prominent businessman and the Managing Director of the well-known jewellery chain, Diamond World. The arrest comes amid a high-stakes investigation into allegations of large-scale money laundering.
The Arrest and Police Action
The operation was carried out by the Detective Branch following an ongoing investigation. Confirming the development, Md Shafiqul Islam, Additional Commissioner (DB) of the Dhaka Metropolitan Police, told ANI that Agarwala was apprehended in connection with a case currently being handled by the Criminal Investigation Department (CID).
The BDT 678 Crore Allegation
The roots of this legal battle trace back to November 2025, when the CID officially filed a case against the businessman. The allegations are staggering, suggesting that Dilip Kumar Agarwala was involved in laundering approximately BDT 678 crore.
Modus Operandi: Gold and Diamonds
According to the investigation, the illicit movement of funds was allegedly facilitated through the smuggling of gold and diamonds. As the head of Diamond World, Agarwala's position in the jewellery industry is central to the probe into how these luxury assets were used to move vast sums of money illegally.
Legal Troubles Mount
This is not the only legal hurdle for the Diamond World MD. It has been revealed that Agarwala is facing several other cases, with the current money laundering investigation by the CID being one of the most prominent. Authorities are continuing their probe to uncover the full extent of the financial irregularities.
Further details regarding the interrogation and subsequent legal proceedings are currently awaited.