JAMALPUR, Aug 21, 2025 (BSS)- The Criminal Investigation Department (CID) has filed a case against the directors of Al Aqaba Multipurpose Cooperatives Society allegedly for eating up subscribers’ money of Taka 400 crore and laundering the fund abroad.

Special Superintendent of Police (Media) Jasim Uddin Khan today said the case has been lodged with Madarganj thana of the district as primary investigation found the allegation true.

Later, District and Sessions Judge of Jamalpur asked the concerned authorities to confiscate the properties of the society.

According to the allegations, the society collected huge amount of money from 13,000 to 14000 subscribers by alluring them of giving high interest on their deposit. 

Initially the society gave partial profit to the subscribers, but later the owner and directors of the society left the office keeping it under lock and key.

It was alleged that the directors of the society appropriated the subscribers’ money for setting up their own business establishments.

The businesses include a brick filed namely Alfa Auto Bricks on 15 acres of land in Jamalpur Sadar and a garment factory naming Alfa Dress Ware on 350 decimal land at South Salna in Gazipur.

The society also purchased nine plots in Basundhara Residential Area and acquired huge moveable and immoveable properties in Dhaka, Narayanganj, Gazipur and Jamalpur with the money of the subscribers.

The court imposed travel ban on the directors of the Al Aqaba society to bar them from fleeing the country and asked the CID to investigate into the case and bring the culprits for justice.