Man allegedly swindles Tk 500m from traders

The criminal investigation department (CID) of police has arrested a man named Mashiur Rahman Khan alias Babu on the allegations of embezzling Tk 500 million (50 crore) from traders.

Police said a total of 92 cases have been filed against him. The man was arrested from the Mohakhali area in the capital on Tuesday.

Police at a press conference on Wednesday said that Mashiur Rahman is one of the main leaders of an organised criminal gang. He has swindled around Tk 500 million.

When asked how he had embezzled money from the traders, deputy inspector general (DIG) of CID Sheikh Omar Faruq told the journalists that Mashiur lives in Gopalganj.

First, Mashiur Rahman’s associates collect detailed information about various organisations including Google online.

Then they contact the dealers of daily commodities including rice, lentils, oil and salt. Due to the professional attitude of the members of the organised criminal gang, the victimised traders cannot trace their criminal activities.

Mashiur used to pay 10 to 30 per cent of the price of the products he purchased. He paid the rest 70 per cent through bank cheques.

Later, the traders went to the bank and found out that the account mentioned in the cheque provided by Mashiur Rahman Rahman did not have enough money. Later, he deceived the traders in many ways in the name of returning their money.

CID official Omar Faruq said as many as 100 victimised traders have filed complaints against Mashiur. The number of complainants is increasing exponentially every day.

Hundreds of deceived traders were present at the CID office today.

The aggrieved traders demanded exemplary punishment for Mashiur Rahman.