Jamalpur: The Criminal Investigation Department (CID) has filed a case against the directors of Al Aqaba Multipurpose Cooperatives Society, accusing them of misappropriating Taka 400 crore from subscribers and laundering the funds abroad. Special Superintendent of Police (Media) Jasim Uddin Khan announced that the case was lodged with Madarganj thana after preliminary investigations substantiated the allegations.
According to Bangladesh Sangbad Sangstha, the court has instructed relevant authorities to confiscate the properties of the society. The District and Sessions Judge of Jamalpur issued this directive in response to the findings of the ongoing investigation.
The allegations suggest that the society attracted between 13,000 to 14,000 subscribers by promising high returns on their deposits. While partial profits were initially distributed, the directors eventually abandoned the office, leaving it locked and inaccessible to subscribers.
Further accusations indicate that the directors utilized the subscribers’ funds to establish personal business ventures. These include a brick manufacturing enterprise named Alfa Auto Bricks located on 15 acres in Jamalpur Sadar, and a garment factory named Alfa Dress Ware situated on 350 decimal land in South Salna, Gazipur.
In addition to these ventures, the society allegedly purchased nine plots in Basundhara Residential Area and amassed extensive movable and immovable assets in Dhaka, Narayanganj, Gazipur, and Jamalpur using subscriber funds. To prevent the directors from escaping justice, the court has imposed a travel ban on them and directed the CID to thoroughly investigate the matter and ensure the perpetrators are held accountable.