Man ‘embezzling Tk 50 crore’ from traders arrested from Dhaka’s Mohakhali: CID

Criminal Investigation Department claimed to have arrested a man from Dhaka's Mohakhali area yesterday on charge of amassing over Tk 50 crore through fraudulence from traders.

Moshiur Rahman Khan alias Babu, a supposed mastermind of the fraud gang, is accused in at least 92 cases. More and more victims are making complaints against him, Sheikh Omar Faruk, additional deputy inspector general of CID, told reporters at his office.

The CID official said Moshiur and his associates used to collect details of the traders and business institutions from their websites and contact them as wholesale buyer.

He used to make agreements with the traders and take goods, paying less than 30 percent of the total price. He promised to pay the rest by cheque. As the traders tried to withdraw the money, his cheques would bounce, he said.

He has embezzled around Tk 50 crore from traders, Faruk said.

Hearing the news of his arrest, around 100 victims thronged the CID headquarters in Dhaka's Malibagh and demanded exemplary punishment for him.