CID arrests four over ‘Tk 5.47mn fraud’ targeting retired additional secretary

The victim is lured with job and business offers promising a 20 percent return

Detectives have arrested four members of a fraud ring for allegedly swindling a retired additional secretary out of nearly Tk 5.47 million by promising him a high-paying job and a lucrative business partnership.

The suspects were apprehended on Monday night during a raid in Diabari of Dhaka’s Turag, the Criminal Investigation Department (CID) said in a media statement on Monday.

The arrestees have been identified as Tofael Hossain, alias Ratan, 68, Md Liton Munshi, 60, Md Babul Hossain, 55, and Md Nurul Islam, 39.

According to the CID, the gang first lured the retired official with an offer of a high-salary job.

They reportedly invited him to an office in Mirpur to gain his trust before presenting a "business partnership" opportunity.

“The suspects made a verbal promise to return his capital along with a 20 percent profit within a week. Based on this assurance, the official handed over Tk 5.47 million in several phases,” the CID statement said.

However, after failing to provide either the job or any profits, the gang allegedly demanded even more money.

At this point, the former additional secretary grew suspicious and alerted police instead of making further payments.

The victim subsequently filed a case at Pallabi Police Station in December 2024.

Following a detailed investigation, the CID tracked down and arrested the four suspects.