Diamond World MD Dilip Agarwala Arrested by RAB

Dilip Kumar Agarwala, Managing Director of Diamond World, was arrested late Tuesday (3 September) night by the Rapid Action Battalion (RAB) from the Gulshan area of Dhaka. RAB's legal and media wing confirmed the arrest via a message shortly after midnight.

The arrest followed a raid on Diamond World's Gulshan office earlier in the evening. Lieutenant Colonel Munim Ferdous, Director of RAB's Legal and Media Wing, stated that Agarwala was apprehended in connection with a murder case filed on August 23 by Shahadat Hossain Khan at Badda Police Station.

Agarwala is named as the 20th accused in the case, facing charges of murder and abetment.

In addition to the murder charge, Agarwala is under investigation for alleged money laundering, fraud, and smuggling. According to CID Superintendent Azad Rahman, Agarwala is accused of smuggling gold and diamonds, selling glass pieces as genuine diamonds, and leading a gold smuggling syndicate with operations linked to Dubai and Singapore.

He is also reported to have significant illicit wealth in Malaysia, Dubai, and Canada, and has been accused of evading taxes amounting to at least Tk25,000 crore.