The Criminal Investigation Department (CID) of police has arrested a former salesman in connection with the theft of a large quantity of gold from a jewellery firm at Bashundhara City Shopping Complex in the capital over several years.

The arrestee was identified as Krishna Basak, also known as Swapan Basak, 47, son of Gaur Chandra Basak of Daulatpur in Manikganj.

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A special team of the CID’s Dhaka Metro West Division arrested him from in front of Bashundhara City Shopping Complex on Tuesday noon, according to a CID media statement issued on Wednesday.

According to the case, the complainant’s father is the managing director of a jewellery business operating multiple shops at the complex.

During a stock check, it was found that 7,550 bhoris of gold ornaments — estimated to be worth around Tk94.37 crore — had been embezzled from the shops at different times between January 2019 and September 2024.

Investigators said Krishna Basak had been working as a salesman at the company and, in collusion with others, breached the owner’s trust and misappropriated a large amount of gold.

The investigation also found a mismatch between his income and assets. Although he earned a monthly salary of around Tk10,000-Tk15,000, he was found to have accumulated significant wealth. This includes an investment of about Tk 33 lakh in a jewellery business, a flat and car parking worth Tk44.55 lakh, shares worth Tk16.78 lakh in the capital market, and 50 bhoris of gold declared in tax documents.

Preliminary findings also indicate unusual transactions in his bank accounts.

Police have sought remand to recover the embezzled gold and identify other suspects involved.

Earlier, another accused in the case gave a confessional statement before a court under Section 164 of the Criminal Procedure Code.

The CID’s Dhaka Metro West Division is continuing the investigation and operations to uncover further details and arrest others involved.