CID arrests 7 people for running illegal MLM business
The Police Department of Criminal Investigation (CID) arrested seven people on charges of running an illegal multilevel marketing (MLM) business.
Imam Hossain of DIG (Dhaka Metro) Additional made the revelation during a press conference at the CID media center on Sunday, December 12.
He said those arrested had defrauded millions of taka by using digital financial services like a bank account, bKash and Nagad to lure ordinary people for more profit.
“They would give out an ID number with a certain amount of money. It has been said that if you invest in that ID number you will get daily, weekly, monthly and yearly profits. If someone new comes along. in the hands of these investors, the profits will continue to rise. In this way, they were running illegal MLM activities greedily for the profit of the chain, “said Imam Hossain of Additional DIG.
The head of the network, Mahadi Hasan Mallick, Mizanur Rahman alias Bravo Mizan and seven others including Abul Hossain Pulak were arrested in different parts of the country, added the CID.
The other people arrested are – Md Mohiuddin Jamil, Md Saiful Islam Akand, Md Kovej Ali Sarkar and Md Shahanoor Alam Shaheen.
At the press conference, Imam of DIG Hossain said that just a few days ago, 5-6 of those arrested held a program at a luxury hotel in Cox’s Bazar to encourage the general public to invest in the scam of their group.
“The group first fed interested people in different restaurants. Then it talked about attractive offers and attracted investment. They created groups on WhatsApp and Messenger and ran campaigns across the country. There they sent a link. towards the MLM application of the business, â€said Imam Hossain of DIG.
He added that by starting two MLM companies named Anjam Global Limited and PPC Glory.com, the group has defrauded millions of taka from at least 15,000 to 20,000 people nationwide.
A complaint was filed against the company at the Uttara West Police Station in Dhaka. They then launched two more websites and started another illegal MLM business, with the promise of making an annual profit three times the initial investment.