DB nabs four frauds, seizes Tk 32 lakh

The Detective Branch of Dhaka Metropolitan Police has arrested four frauds who allegedly embezzled money from people luring them of huge profits after investing in the so-called businesses.

With the embezzled money, the accused have constructed homes and bought buses, said Additional Commissioner Harun-Or-Rashid, chief of the DB.

At a press briefing on Sunday, Harun said that in separate raids on Friday and Saturday at Mohammadpur and Kalabagan in Dhaka they arrested the four and seized Tk 20 lakh in cash.

The arrestees are – Haider Ali, 64, Rezaul Karim, 37, Nasir Uddin, 49, and Abdul Quader, 56.

The arrestees are continuing such acts of fraudulence since 1996 and they target retired public and private sector officials, businessmen and senior citizens.

They rent offices at different places in the city and introduce themselves as representatives of different foreign companies and offer people 25 to 30 per cent profit if they invest in their businesses. The investors eventually get cheated, he said.

In recent times, this gang collected Tk 32 lakh from a retired additional secretary and an Islamic foundation official. Later, the officials realized that they were cheated, he said.

He said that Haider bought three houses in Dhaka and Savar with the embezzled money while Kader bought some buses.

The accused had been arrested before and after securing bail, they continue fraudulence again, said the DB chief.

He said that the DB is investigating the incident and trying to arrest other members of this gang.