Gulshan police produced Rakib before the Court of Chief Metropolitan Magistrate, Dhaka with a prayer for a seven-day remand for interrogation.

In his forwarding report, the investigation officer (IO) said that Rakib received the currencies from his employer Mofijul Islam Bhuiyan but he could not show any valid documents of the currencies. He needs to be quizzed to find out the vital clue of the incident and the whereabouts of his employer, the IO added.

Opposing the remand prayer, the defence lawyers submitted a bail petition saying that their client was implicated in the case to harass him falsely.

After hearing both the sides, Metropolitan Magistrate Rokan-Ud-Doula rejected the bail petition and granted three-day remand.

A patrol police team signaled the auto-rickshaw to stop in front of Brac Bank at Gulshan-1 at 10:00am on July 4 and arrested Rakib with 3,38,500 Saudi Riyal, 24,950 pound sterling and Tk 48,154 from his possession.

Rakib claimed him an employee of a money exchange shop, but could not give any details about his office or reasons for carrying the money, said police.