CID arrests gang member over fake trading company scam
CID arrests Md Tajul Islam from Kallyanpur area in Dhaka
The Criminal Investigation Department (CID) has arrested a member of an organised fraud syndicate that used fake names and logos of reputed trading companies to cheat people out of large sums of money.
The arrested person was identified as Md Tajul Islam, 31, son of Rafiqul Islam Khan of Bahadurpur village under Boalia in Bakerganj upazila of Barishal.
He was arrested yesterday (15 April) from the Kallyanpur area of the capital by a team of the Cyber Police Centre (CPC) of CID's Cyber Intelligence and Risk Management unit.
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He was arrested in a fraud case filed with Mohammadpur Police Station on 5 April and sent to court.
CID Special Superintendent of Police (Media) Jasim Uddin Khan confirmed the matter yesterday
He said the syndicate had been running a large-scale fraud operation using fake names and logos of reputed trading companies, targeting victims through WhatsApp and social media advertisements.
On 19 September last year, a victim was lured by a fraudulent Facebook advertisement and contacted the syndicate. The fraudsters used the names and photos of former World Bank officials and renowned economists to gain trust and later convinced the victim to invest in the stock market using AI-based software, promising guaranteed profits.
The victim was added to a WhatsApp group where the gang initially showed small profits to encourage larger investments. The fraudsters later siphoned off a total of Tk21,88,057 from the victim through multiple bank accounts.
When the victim was asked for additional funds in exchange for a larger share allocation, he realised he had been deceived and filed a case with Mohammadpur Police Station.
Following technical analysis and intelligence-based investigation, CID arrested Tajul Islam as an active member of the syndicate and seized a mobile phone used in the fraud.
During preliminary interrogation, the accused admitted involvement in the scam, and investigators found evidence that the fraud proceeds were transferred to his personal bank account.
He also gave a confessional statement before a court under Section 164 of the Code of Criminal Procedure.
