Criminal Investigation Department (CID) of police arrested three men of a "multi-level marketing (MLM)" company from the capital's Pallabi area, on charge of embezzling over Tk 6 crore from 1,427 people by tempting them with exorbitant profits.
"The fraudulent group had been running the MLM business by recruiting members, telling them that they will receive 250 percent dividend. They targeted government employees and the relatively wealthy," Sheikh Md Rezaul Haider, an additional deputy inspector general of CID, told reporters at a press briefing at its headquarters yesterday.
CID received a complaint from some people that Sopan Products Ltd and Sopan Properties Ltd have been operating the MLM business for the last eight months.
Based on the allegations, a team of CID Dhaka Metro (North) conducted an operation at their office in Pallabi area on Monday and arrested three, including Gazi Mohiuddin (27), managing director of Sopan and the ringleader.
The other two are directors of Sopan – Anisur Rahman (37) and Harunur Rashid (37).
A computer, Tk 47,000 cash and Tk 59,26,594 in different bank accounts were seized from the arrestees.
According to information obtained from them, in the last six months, the racket has been collecting members and selling various packages through their website, spl630.com. During that period, 1,427 people bought their packages in various schemes.
A case was filed with Pallabi Police Station in this connection.