The Cyber Crime Wing of Bangladesh Police's Anti-Terrorism Unit (ATU) arrested Mohiuddin Maher, mastermind of the Rapid Cash app scam, from Dhaka's Janapath Road on Tuesday.
Confirming the matter, Cyber Crime Wing’s Superintendent of Police (SP) Farhana Yasmin said, “The ATU started investigating after receiving complaints that a fraud gang is disbursing loans through the Rapid Cash app.”
“At one point, we arrested seven people. Later, based on information the suspects provided, Maher was arrested as well.”
She continued, “Rapid Cash is an Android application. If anyone registers with this app, their information goes to the fraud gang. They offer loans to victims and then charge a large amount of interest. If victims delay payment, they get harassed and blackmailed.
“Some are forced to take more loans and also pay even more interest even after paying the full amount.
Mastermind Maher knows a number of languages. He also used to scam people in India and Pakistan using two different apps.”
Raids are going on, and more details come to light after police operations conclude, Yasmin told The Business Post.
