Embezzling via MLM: Ragib, three brothers on 7-day remand
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A Pirojpur court yesterday granted a seven-day remand for Ehsan Group Chairman Ragib Ahsan and his three brothers in a money embezzlement case.
Additional Chief Judicial Magistrate Md Mohiuddin passed the order after the four brothers were produced before his court, said Public Prosecutor Khan M Alauddin.
The PP said the case was filed with Pirojpur Sadar Police Station on Thursday.
Police in Pirojpur arrested Ragib's two brothers -- Mahmudul Hasan, an imam of a mosque in Pirojpur town, and Khairul Islam. Rab arrested Ragib and his other brother Abul Bashar in Dhaka the same time.
According to media reports, the four brothers allegedly embezzled Tk 17,000 crore from general people through a so-called multi-level marketing (MLM) business. Promising their clients of hefty returns, Ragib lured them into investing in different investment schemes. He allegedly used mosque imams and madrasa teachers in this regard.
After the clients were deceived, some of them held human chains and press conferences seeking justice from the authorities.
Then, cases after cases were filed against Ragib and his brothers.
Four of them were lodged with Pirojpur Sadar Police Station, said its OC Abu Zafar M Masuduzzaman.
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