• Friday, Jun 05, 2020
  • Last Update : 02:07 pm

Fareast Islami co-op society chairman held for embezzling Tk300cr

  • Published at 07:43 pm July 16th, 2019
Web_Handcuff-Arrested-held
Bigstock

The accused Shamim Kabir, 45, was arrested from Jaintapur upazila of Sylhet on July 9

Fareast Islami Multi Cooperative Society Limited Chairman and owner, Shamim Kabir, has been arrested by the Criminal Investigation Department (CID) for his alleged involvement in embezzling Tk300 crore.   

The accused Shamim Kabir, 45, was arrested from Jaintapur upazila of Sylhet on July 9.

He has been absconding for four years in 28 cases, including cases that fall under the Prevention of Money Laundering Act.

Molla Nazrul Islam, special superintendent of CID, confirmed the matter at a press briefing at CID headquarters in Dhaka on Tuesday. 

He said: "Shamim embezzled money and cheated people promising to give interest and profit against their deposits.

He said he would give around Tk 2000-2500 as interest per month, against a Tk100, 000 deposit."

Shamim started giving interest under his Fareast Islami Multi Cooperative Society Limited, but closed the organization and fled in 2013, added Nazrul.

"We are assuming that Shamim has swindled Tk300 crore from 20, 000 investors and clients," Nazrul continued. 

Police recovered a Noah microbus, two mobile phones, passports, and 29 land documents and checkbooks from Shamim's possession.

Investigation is still underway against Shamim, concluded Nazrul.

Earlier, CID also arrested Tajul Islam, chairman of Aziz Co-operative Commerce and Finances Credit Society, on charges of misappropriating Tk300 crore in the name of co-operative banking on July 10.

57
57
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail