Dhaka, May 8 -- The Criminal Investigation Department (CID) of police has filed a money laundering case against Unique Group Managing Director Mohd. Noor Ali and his company Borak Real Estate Pvt Ltd over alleged irregularities and fraud in the "Banani Supermarket-cum-Housing" project implemented on the land owned by Dhaka North City Corporation (DNCC) at Banani.

The case was filed at Banani Police Station on Thursday under sections 4(2) and 4(4) of the Prevention of Money Laundering Act, 2012, according to a press release issued on Friday.

According to the CID, a preliminary investigation found evidence that the accused laundered Tk 115.58 crore by operating a hotel business in the building without proper approval.

Investigators alleg...