DHAKA, Jan 11, 2026 (BSS) - Dhaka Metropolitan Police (DMP) have arrested the main ringleader of a fraud syndicate accused of embezzling around Tk 20 million in the name of 'Calix Multipurpose Cooperative Society Limited'.

The person was identified as Akhtarul Islam Billal, 40.

Billal and his wife Nargis collected deposits from the public by promising high monthly returns but failed to return the principal or profits, misappropriating the funds.

Billal was arrest from Kashinathpur Bazar in Pabna district based on secret intelligence.

Three fraud cases have been filed against Billal with capital's Mugda Thana and investigations into other absconding members are ongoing.