Man embezzled Tk 15cr by mortgaging govt land RAB arrests two

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Staff Reporter :
Members of Rapid Action Battalion (RAB) have arrested a businessman and his partner from Dhaka’s Uttara on charges of attempted murder.
Golam Faruk (50) and Feroz Al Mamun (35) during primary investigation admitted to embezzling Tk 15 crore from a bank by mortgaging government land, said Commander Khandaker Al Moin, Director of Rab Legal and Media wing, at a press briefing on Friday.
The accused also admitted their involvement to attempt to murder, extortion, cheating, forgery and intimidation in the capital’s Badda, said the Rab official.
Faruk and Feroz were arrested in a case filed with Badda Police Station recently for attacking a land-owner in Badda on March 26, 2022 and April 06, 2022 in order to forcibly evict him from his land.
Faruk told RAB that he started his business as a car importer in 2000. He received loan of Tk seven crore from a private bank for business purpose.
When the bank pressured him as he did not repay the loan money, he set his eyes on a land on Dhaka-Mymensingh highway which was acquired by the government in 1948, the official said.
Faruk with help of some government officials made a fake deed of the land with false information in 2006.
Later, Golam Faruk bought the land in the name of his wife in 2010 and made another deed. In the same year, he acquired the land from his wife.
The he mortgaged the land to the bank and took another Tk 15 crore as loan.
The bank found out the truth behind the land in 2013 when it issued notice to auction the mortgaged land for the purpose of recovering the money due to non-payment of loan.
Golam Faruk is also accused in eight cases filed by a private bank and Badda’s land owner, on charges of cheating, forgery and other allegations

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