The Anti-Corruption Commission (ACC) has launched an investigation against Kutubuddin Ahmed, former president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Chairman of Envoy Textiles Limited, over allegations of amassing illegal wealth, money laundering, and embezzlement of bank funds.

The decision to initiate the probe was recently made at the ACC headquarters, with an assistant director appointed to lead the investigation. The relevant documents pertaining to the matter are in the possession of Jago News.

As part of the inquiry, the ACC has summoned account details from banks and financial institutions concerning Kutubuddin, his wife Rashida Ahmed, his son Tanvir Ahmed, and his daughter Sumaiya Ahmed. Letters have been issued instructing the institutions to submit the requested information by April 21.

According to the ACC letter, it is essential for the investigation to examine details of both movable and immovable assets of the individuals. Banks have been directed to provide information on all accounts—savings, current, FDR/term deposits, loan accounts, lockers, DPS—whether active, closed, or dormant. The commission has asked for account opening forms (with attachments), complete account statements from inception to date, and all other relevant records from all branches under their jurisdiction.

Founded in 1984, the Envoy Group operates across around 40 sectors, including ready-made garments, textiles, real estate, freight forwarding, trading, hospitality, banking, capital markets, and ceramics.