Duped with lure of good days

CID busts MLM firm, arrests 3 ‘fraudsters’ for embezzling Tk 60m from 1,427 people

Staff Correspondent

28 October, 2020 12:00 AM printer

The Criminal Investigation Department (CID) of police arrested three ‘fraudsters’ from the capital’s Pallabi area on Monday for allegedly embezzling Tk 60 million from people in the name of multi-level marketing (MLM) business.

The arrestees are Gazi Mohiuddin, 27, son of Gazi Imran Hossain of Shrirampur at Kachua upazila in Chandpur, Anisur Rahman, 37, son of Jahirul Islam Khan of Shing Arda of the same upazila, and Harun-ar-Rashid, 37, son of Mizanur Rahman of Bholanathpur at Birganj upazila in Dinajpur.

Sheik Rejaul Haider, additional DIG of the CID, disclosed this at a press briefing at the CID headquarters at Malibagh on Tuesday.

According to the CID officer, the ‘frauds’ opened two so-called business entities -- Sopan Products Ltd and Sopan Properties Ltd -- at Pallabi and embezzled the amount from 1,427 people over the last six months.

Of them, Mohiuddin was the managing director (MD) of the entities while Anis and Harun were the director (finance) and director (marketing) respectively.

The officer said that the CID came to know about them while carrying out an investigation after complaints lodged by some victims.

The cheats lured the victims into paying 250 percent interests with the capital money within eight months from the time of investment, the officer said.

They (cheats) made the victims open accounts on www.spl630.com and gave them user IDs and passwords to login their accounts.

The fraudsters offered that if anybody invested Tk 2,500 to their companies, he or she would be paid Tk 30 as interests every day while Tk 100 per day to have been lured against Tk 7, 500 as investment.

They allured people, saying if anyone invested Tk 22,500, he or she would be paid Tk 300 every day, in case of investment of Tk 56,500, Tk 900 would be paid and the investment of one lakh, Tk 1,300 to be paid.  Besides, if any client brought another person to invest, he or she was lured to be paid 10 percent as bonus against the investment of Tk 100,000 and Tk 10,000 bonus to have been allured against investment of Tk 300,000 by three separate persons.

The CID seized a computer, joining forms and Tk 47,400 in cash from the entities.

Besides, the CID found information of Tk 59.26 lakh in their bank accounts. A case was filed with Pallabi Police Station.