DHAKA, Dec 3, 2025 (BSS) - The Criminal Investigation Department (CID) has arrested three members of an organized fraud ring accused of embezzling Tk 45 lakh from a retired government official by luring him with a fake job offer and a fabricated watch import-export business. 

The detainees have been identified as Sanaj Saha alias Ujjwal Chowdhury (56) of Shariatpur, currently residing in Khilkhet, Md. Mosharraf Hossain (64) of Dinajpur; and Md. Shahjahan (46) of Dinajpur.

A team of the CID arrested the trio in a case on Tuesday from Malitola Park area near the Tantibazar intersection in Dhaka, Special Police Super (media) of the CID Md Jasim Uddin Khan confirmed.

According to the case statement, the victim-formerly employed at the Bangladesh Rice Research Institute-was contacted after retirement by a man identifying himself as Md. Abdur Rashid, a member of the fraud ring.
He was invited to a fake office in Uttara and offered a lucrative position as a director at a fictitious entity named "BCJ (Bangladesh China Japan)" with a monthly salary of USD 2,500 and other benefits.

The fraudsters further enticed him with promises of high profits through a watch import-export business. Two individuals, posing as representatives of an Indian company and its commercial manager, encouraged him to invest, assuring rapid profit through supplying watches. 

A verbal agreement was made, after which the victim was gradually deceived into paying Taka 45 lakh.

During interrogation, the arrested individuals admitted to orchestrating the fraud and attempting to extort an additional Taka 10 lakh. 

When they failed to deliver the promised products and continued pressuring for more money, the victim realized the deception and filed a case under Sections 34/328/406/420 of the Penal Code with Turag Police Station on September 14 last. 

Investigators found that the gang specifically targeted retired government officials, setting up fake offices and using different devices for each fraudulent operation-destroying the devices afterward to avoid detection.

CID also confirmed that the primary suspect, Sanaj Saha, has 13 previous cases against him, while Mosharraf and Shahjahan are named in three and two cases respectively. 

The Cyber Police Center (CPC) of CID is conducting the investigation into the matter. 

CID officials stated that efforts are continuing to identify and arrest other members of the fraud network and uncover the full extent of their operations.