misappropriation
ACC sues Dr Yunus, 12 others in case over misappropriation of about Tk 25 cr
The Anti-Corruption Commission on Tuesday filed a case against Nobel Laureate and Grameen Telecom chairman Dr Muhammad Yunus and 12 others for their alleged involvement in misappropriation of about Tk 25 crore from the company’s Workers Profit Participation ( WPPF).
The commission’s deputy director Gulshan Anowar Pradhan filed the case with Dhaka district coordinated office -1, ACC director general Rezanur Rahman said.
1 year ago
Imam-turned-entrepreneur arrested for misappropriating Tk 17000-cr
Chairman of Ehsan Group Ragib Hasan and an associate were arrested on Friday by Rapid Action Battalion (Rab) on charges of misappropriating Tk 17,000 crore.
He was arrested from the capital’s Topkhana Road on Thursday with Abul Bashar Khan, said a press release from Rab headquarters on Friday.
According to official sources, Ragib, once the Imam of a mosque, joined a Multi-Level-Marketing (MLM) company and set up Ehsan Group of Companies in 2010 based in Pirojpur.
Read: Rifat murder: Absconding accused Musa Bond arrested
Starting with a real estate company first, he later formed 17 firms under the group’s name.
Many cases were filed against the group on charges of embezzlement of money from thousands of people promising to run the company according to Islamic Shariah law and offering them a high profit.
Read: Arrested in 24 hrs: 4 accused of murder case in the city
During the interrogation Ragib confessed collecting Tk 1.1 crore from over one lakh members and clients of the 17 organisations under Ehsan Group. The group had almost 300 employees who also fell victim to its trap as they did not get any salary, the release also said.
3 years ago