Defrauding people in the name of double profit

Six gangsters arrested in capital

Staff Correspondent

10 February, 2021 12:00 AM printer

“We return double the amount you invest in our sister concerns in just two years.” This was the common catchphrase of the company.

This kind of lucrative offer often generates interests among people who want to make a quick profit and subsequently, they invested huge money.

However, the company has no existence in reality. It exists in name only.   

Seba Ideas and Living Limited (SiLL) embezzled about Tk 570 million from over 2,200 people in the name of giving them double amount of their investments in just 24 months.

The Criminal Investigation Department (CID) of Dhaka Metropolitan Police arrested six members of the gang from Uttara in the capital on Monday following complaints lodged by some of the victims.

The arrestees are Ashiq Ghosh Asit, 42, chairman of the fake company, Kazi Nurul Islam, 48, its managing director, and directors Shah Newaz Shamim, 43, Jahirul Haque, 40, Mir Mohammad Nurul Islam, 53, and Mamun Mia, 35.

Files of 2,209 clients, 250 money receipts and 43 applications filed by clients to get back their invested money were also recovered from the office of the fake company at Sector-6 in Uttara.

Sheikh Omar Faruque, additional deputy inspector general of the CID, briefed reporters on the matter at the CID headquarters in the capital on Tuesday noon.

He said the arrestees lured people into investing in various imaginary sister concerns of SiLL, including real estate, fisheries and cattle farm, promising to return double of the amount within 24 months.    

“Actually, the SiLL is a fake company. It has no land of its own. It used to attract people showing land of others and photos of different farms in their website. Falling into the trap of the fake company men, hundreds of people lost their hard-earned money,” the CID official said.

“We’ve primarily come to know that SiLL embezzled about Tk 570 million from 2,209 people. But investigation will dig out how many people were cheated,” he said.

Nasir Uddin, a retired schoolteacher of Maheshpur in Jhenaidah who fell victim to the gang, told journalists that one of his relatives brought him to the company office. “The company men took Tk 2 lakh from me assuring me of providing Tk 8,500 each month as profit. But they paid neither profit nor the principal amount.”

Seeking justice for himself, he urged all not to fall prey to such frauds.