Staff Reporter :
Criminal Investigation Department (CID) has filed a case against M Tajul Islam, the Chairman of Aziz Co-operative Commerce and Finance Credit Society Limited, for allegedly embezzling Tk 300 crore of customers through money laundering.
He amassed the said money of 11,425 customers, which was
collected from 80 branches of his organisation, CID’s Special Superintendent Molla Nazrul Islam said this while briefing reporters at the4 CID Headquarters in the city’s Malibagh on Sunday morning. He briefed the reporters after ending the two-day remand following a court order.
In a primary investigation, the law enforcers also found evidence that Tajul Islam siphoned off the customers’ around a hundred crore taka to Canada, Molla Nazrul said.
Aziz Co-operative Commerce and Finance Credit Society Limited had approval from the Department of Cooperatives for only 26 branches, the CID official said.
A Dhaka court put Tajul Islam on a two-day remand in a case filed in connection with embezzling Tk 16 lakh.
Earlier, a team of CID led by Md Kamruzzaman, Special Superintendent (Dhaka south), arrested Tajul Islam, 69, from Motijheel on July 11, said Molla Nazrul Islam.
Criminal Investigation Department (CID) has filed a case against M Tajul Islam, the Chairman of Aziz Co-operative Commerce and Finance Credit Society Limited, for allegedly embezzling Tk 300 crore of customers through money laundering.
He amassed the said money of 11,425 customers, which was
collected from 80 branches of his organisation, CID’s Special Superintendent Molla Nazrul Islam said this while briefing reporters at the4 CID Headquarters in the city’s Malibagh on Sunday morning. He briefed the reporters after ending the two-day remand following a court order.
In a primary investigation, the law enforcers also found evidence that Tajul Islam siphoned off the customers’ around a hundred crore taka to Canada, Molla Nazrul said.
Aziz Co-operative Commerce and Finance Credit Society Limited had approval from the Department of Cooperatives for only 26 branches, the CID official said.
A Dhaka court put Tajul Islam on a two-day remand in a case filed in connection with embezzling Tk 16 lakh.
Earlier, a team of CID led by Md Kamruzzaman, Special Superintendent (Dhaka south), arrested Tajul Islam, 69, from Motijheel on July 11, said Molla Nazrul Islam.
