Photo : BSS

DHAKA, Aug 21, 2025 (BSS) - The Criminal Investigation Department (CID) filed a case under the Money Laundering Prevention Act against directors of Al Aqaba Multipurpose Cooperative Society for allegedly embezzling Tk 400 crore from customers and laundering the funds.

The case was filed on August 20 at Madarganj Police Station under Jamalpur District, under Section 4(2)(4) of the Money Laundering Prevention Act 2012 (Amendment-2015). 

Directors of the Madarganj Al-Aqaba Cooperative Society and their related institutions were accused in the case.
 
The accused defrauded thousands of customers by collecting Tk 400 crore under the guise of different cooperative societies, notably Madarganj Al-Aqaba Multipurpose Cooperative Society Limited. 
  
They lured people from various police station areas in Jamalpur and neighboring districts by promising high short-term profits.

The societies allegedly promised monthly returns of Tk 1,200-1,500 per lakh. Initially, small profits were paid out, but later payments stopped and the owners, officers and employees of the associations locked the offices.

Investigations revealed that the directors embezzled funds from approximately 13,000-14,000 customers, laundered the money, and used it to establish various institutions and purchase 3,113 decimals of land. 

Notable properties include a brick kiln, Alpha Auto Bricks, on 15 acres in Goherpara Mouza under Sadar Thana, Jamalpur, and a garment factory, Alpha Dresswear, on 350 decimals in South Salna Mouza, Gazipur.

Additionally, the accused own nine plots in Bashundhara Residential Project in the names of Alpha Developer and Alpha Dresswear. Other properties are spread across Dhaka, Narayanganj, Gazipur, and Jamalpur districts.

Following a request from the CID's money laundering investigation officer, the Senior Special Judge of Jamalpur Sessions Court issued an order to seize the establishments, institutions and properties. 

The learned court also issued an order to prevent the persons involved in the allegations from traveling abroad.
 
The CID's Financial Crime Unit is conducting an intensive investigation to bring the culprits to justice.