, Sept. 1 -- The Criminal Investigation Department (CID) has seized a luxury hotel and frozen assets worth Tk 33.81 crore belonging to Rongdhonu Group owner Rafiqul Islam, in connection with an ongoing money laundering case.

The case, filed under sections 4(2) and 4(4) of the Money Laundering Prevention Act, 2012, is currently under investigation by the CID's Financial Crime Unit (Gulshan Police Station Case No-14, dated 07/08/2025).

Rafiqul Islam, owner of Rongdhonu Builders, allegedly obtained massive loans through fraud and forgery-taking Tk 400 crore from Islami Bank's Baridhara Branch, Tk 270 crore from First Security Islami Bank's Bashundhara Branch, and Tk 200 crore from Union Bank's Gulshan Branch, among others.

Instead of repa...