Bangladesh’s Criminal Investigation Department (CID) has uncovered more than Tk127 crore in suspicious financial transactions connected to Faisal Karim Masud, the prime suspect in the murder of Shahid Sharif Osman Hadi, a key figure of the July Revolution and spokesperson of Inquilab Mancha. The CID revealed the findings in a press release on Sunday, noting that the transactions may be linked to money laundering and organized crime financing.

Following Hadi’s fatal shooting on December 12 in Dhaka’s Purana Paltan area, CID launched a shadow investigation, collecting CCTV footage and forensic evidence. Several associates and family members of Masud have been arrested for allegedly concealing evidence and aiding his escape. Investigators also found unexecuted cheque records worth about Tk218 crore.

Authorities have initiated a separate money laundering probe and are taking steps to confiscate Tk65 lakh from related bank accounts. CID teams are also examining whether a broader criminal network was involved in financing or planning the killing, while efforts to arrest the main suspect continue.