No Cars, No Jewellery, Yet Sadeeq Agro Under Scrutiny!

There are no cars, no jewellery, yet a long list of foreign trips. Bank records show transactions worth crores, while social media once focused on a Tk 1.5 million goat. It is this unusual contrast that first brought Sadeeq Agro chairman Md Imran Hossain into public attention. his name now sits at the center of a wide-ranging investigation into money laundering, fraud, and forgery.

Sadeeq Agro, based in Mohammadpur in Dhaka, is a livestock farm-based business. it once sparked new interest in Bangladesh’s cattle trade. the company drew attention by presenting local cattle as foreign brahma breeds, showcasing expensive goats, and building a flashy farm image. behind that image, investigators say, a complex financial network was gradually uncovered.

These findings emerged from a case filed under the money laundering prevention act at Mohammadpur police station. The criminal investigation department (CID) recently submitted a charge sheet to the court. sub-inspector md Jonaid Hossain filed the case last year on march 3. After investigation, CID inspector and investigating officer md Chayedur Rahman submitted the charge sheet in court.

The accused include Sadeeq Agro chairman Md Imran Hossain, managing director Touhidul Alam Zenith, and Sadeeq Agro limited. Zenith remains absconding, and investigators have recommended issuing an arrest warrant against him. On April 30, the case was transferred to the Dhaka metropolitan sessions judge court for trial. Imran has secured bail from the high court in this case but remains in custody in connection with another case.

The charge sheet states that Imran Hossain and his associates ran a structured business network over a long period. Their connections extended beyond the country. Between 2011 and 2025, he travelled at least 33 times to five countries, including China, India, Thailand, the Maldives, Singapore, and Saudi Arabia. However, investigators note a striking detail, his declared personal asset list reportedly includes no vehicles or jewelry, a point highlighted in the report.

According to the investigation, the company’s business capital stands at nearly Tk 769 million, with share investments in various companies exceeding Tk 600 million. It also holds non-agricultural land worth several crore taka. In addition, bank and cash assets worth around 3.4 million taka were identified. Tax records reviewed for the accused individuals and related entities show that Sadeeq Agro Ltd is a taxpayer under the gulshan-2 circle. Although the company obtained an e-tin on February 4, 2021, it reportedly did not submit any income tax returns up to the filing of the case.

Another key chapter of the case centers on cattle imports. The charge sheet states that in 2021, an application was submitted to import 200 pregnant 'Brahma' cattle from the United States, but the livestock department did not approve it. Investigators allege that despite the lack of approval, an attempt was later made to bring 18 brahma cattle into the country. Customs officials seized the cattle upon arrival at the airport, after which they were placed under the supervision of the livestock department.

Based on this incident, the investigation report includes allegations of fraud, unauthorized imports, and forged documentation. It also mentions allegations of falsified signatures on certain official documents.

Questions were also raised over the management and distribution of the seized cattle. According to the charge sheet, while some cattle were handed over through various organizations for meat distribution, a portion was allegedly not properly distributed, leading to accusations of misappropriation and misuse. Sadeeq Agro is also named in connection with these allegations.

Investigators claim that around Tk 300 million may have been illegally transferred under the guise of cattle imports. Allegations also include the use of government facilities, irregularities in farm operations, and the submission of false information.

Another notable issue was the widely discussed 1.5 million taka goat that went viral on social media. The investigation states that the goat was not actually delivered and later died due to illness.

The charge sheet concludes that a pattern of organized financial irregularities has been identified, based on inconsistencies in business transactions, foreign cattle imports, income and expenditure records, and asset declarations.

Public prosecutor of the Dhaka metropolitan sessions judge court Omar Faruk Farooqui said, “the CID has recently submitted the charge sheet in the money laundering case. The hearing is scheduled for June 23. We aim to complete the trial process as quickly as possible.”