Bangladesh, Sept. 1 -- The Criminal Investigation Department (CID) has seized a luxury hotel in Dhaka's Banani and Tk 338 million held as security deposits at Samabaya Bank, both owned by Rongdhonu Group Chairman Rafiqul Islam, as part of a money laundering probe.

CID announced the seizure in a statement on Monday, noting it followed the ongoing investigation of a case filed at Gulshan Police.

On Aug 7, CID filed a case against Rafiqul and his associates, accusing them of laundering Tk 8.78 billion. The CID also secured court orders to freeze 13 bank accounts and seize 100,000 sqft of commercial space at Jamuna Future Park.

Investigators later traced Unique Regency Hotel, a nine-storey property on 0.049 hectares of land on Banani's Roa...