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Published : 10 May 2026, 08:53 PM
The Criminal Investigation Department (CID) of police has arrested a businessman on charges of embezzling over Tk 1.2 billion from hundreds of clients under the guise of real estate and hotel investments.
Hayder Kabir Mithun, the deputy managing director of Holistic Home Builders Limited, was detained at Shahjalal International Airport in the early hours of Sunday upon his return from abroad.
He was arrested in connection with a fraud case filed at Uttara East Police Station.
According to a CID media statement, the company operated an office in Uttara Sector 4 and campaigned to sell 36 shares of a 9-storey building planned on a 10-katha or around 0.13 hectares plot near Uttarkhan.
Each share was priced at Tk 1.5 million, attracting numerous investors.
Citing the case documents, CID said the complainant had invested Tk 1.28 million in several instalments starting April 2023, while a friend of the complainant had invested Tk 900,000.
These transactions took place in the presence of the company’s Managing Director Shishir Ahmed, Deputy Managing Director Mithun, Finance Director Habibullah Bahar, and official Jahangir Alam Zahid.
Despite issuing official receipts and cheques, the company failed to register the flats and repeatedly delayed the process under different pretexts.
The complainant eventually discovered that the syndicate had allegedly defrauded approximately 470 customers of nearly Tk 1.2 billion by selling shares in land and three-star hotels across Dhaka.
As the scam came to light, the original board of directors went into hiding and a new committee was formed.
The new management subsequently refused to take responsibility for the liabilities of their predecessors.
This led to a formal fraud case being filed in October 2024.
CID officials noted that Mithun and several other executives fled the country after the case was filed.
He was intercepted by airport immigration police on Sunday morning and handed over to the CID for further legal action.
