Rapid Action Battalion has arrested Ehsan Group Chairman Ragib Hasan and one of his associates on charges of fraudulence.
The battalion personnel apprehended them in Dhaka around 10:00pm on Thursday, RAB Director (Legal and Media Wing) Commander Khandaker Al Moin told The Business Post.
A press conference will be held in this regard in the afternoon, he added.
Ragib has allegedly embezzled Tk 17,000 crore through his businesses.
According to official sources, Ragib, once the imam of a mosque, joined a multilevel marketing (MLM) company and he set up Ehsan Group of Companies in 2010 based in Pirojpur, reports UNB.
Starting with a real estate company first, he later formed 17 firms under the group’s name.
Many cases were filed against the group on charges of embezzlement of money from thousands of people promising to run the company according to Islamic Shariah law and offering them a high profit.
