Tuesday 10 December 2019 ,
Tuesday 10 December 2019 ,
Latest News
  • Universities turning into business institutions: President
  • Russia banned from global sports for 4 years
  • SA Games: Bangladesh win gold in men’s cricket
  • Stay alert against women repression: PM
  • Prof Ajoy Roy passes away
  • PM distributes Begum Rokeya Padak
  • Barrage of challenges as Myanmar faces ICJ
  • Miss South Africa wins 2019 Miss Universe crown
17 July, 2019 09:36:40 AM
Print

Fareast Islami co-operative chairman held

‘TK 300CR EMBEZZLEMENT’
STAFF REPORTER, Dhaka
Fareast Islami co-operative chairman held
Representational image

Criminal Investigation Department (CID) has arrested Shamim Kabir, the chairman and owner of Fareast Islami Co-operative Society Limited for allegedly embezzling Tk 300 crore from numerous investors in different parts of the country. At a press briefing in CID headquarters in Malibagh, Molla Nazrul Islam, Special Superintendent CID organised crime told the reporters that the arrestee Shamim Kabir, son of late Akkash Ali was on the run for four years.

About 28 cases including money laundering lodged against him, said the police official. “On July 9, we arrested him from Joitaour Thana of Sylhet district,” he added. The CID official said that on 2006, Fareast Islami Co-operative Society Limited was registered from Cumilla district Cooperative department. After getting the approval, Shamim Kabir started a programme with the local youth and his close relatives, opening an office at Munshirhat Bazar in Chauddagram thana of Cumilla district.

Later, the company amended the registration of its Munshirhat branch and spread from thana to district level. Later, it took permission from Chattogram Division Cooperative Office and spread out its activity in different areas of Cumilla. “Banking on the innocence and naivety, they thrive and conduct their business. They decorated their office with religious elements to impress people by preaching and cherry quoting texts from the holy books. At the end, they suggested people to invest on their airy business,” said Islam.

BK

Comments

Video
More Business Stories
Skill dev must to face Industry 4.0 State Minister for Labour and Employment Begum Monnujan Sufian yesterday said that the government would have to train the educated youths for their skills development to make them prepared for the 4th industrial revolution. “According…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting