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The Criminal Investigation Department (CID) has arrested eight people on charges of embezzling Tk 94 crore from 5,000 clients through the multi-level marketing (MLM) company Bishow Bazar and Biotech.
The arrestees are Mizanur Rahman Shahin, Abdur Rahman Moon, Peerzada Arif Bin Taher, Apu Sarkar, Golam Mostafa, Al Amin, Yousuf Hossian Jewel, and Jahidul Islam.
The CID arrested them from the capital’s Mirpur area on Tuesday and also seized huge unbranded cosmetics from them.
On Wednesday, a client of the company, AKM Abu Bakar Siddique, filed a case against 15 people and eight more unnamed ones with Darus Salam Police Station on embezzlement charges.
CID officials said the company used to lure people with 50-75 per cent discounts offered on cosmetics of several multinational companies.
It used its website and distributors (existing clients) to attract potential clients, they said.
A new customer was required to sign up by paying Tk 1,350 to buy cosmetics, including petroleum jelly, soy food, beauty soap, and herbal hair care items, from the company.
Approximately 5,000 people invested Tk 94 crore against seven lakh sign-ups, CID officials added.
