Dhaka, March 4 -- Sadeeq Agro Chairman Imran Hossain has illegally amassed at least Tk 1.34 billion, with Tk 8.6 million laundered, according to the Criminal Investigation Department, or CID.

The CID claims the company falsely marketed domestic cattle and goats as "foreign and pedigree" breeds, illegally earning over Tk 1.21 billion from the sacrificial market.

Police arrested Imran in Dhaka's Malibagh on Monday afternoon in connection with a money laundering case.

The court ordered him to be sent to jail the following day.

To share the information obtained from the preliminary investigation, the CID held a press conference at its headquarters in Malibagh on Tuesday afternoon.

Additional Deputy Inspector General of Police Ekramul Hab...