Staff Reporter: Crest Security Limited risked hundreds of crores of rupees taken from 22,000 investors. The Dhaka Metropolitan Detective Police (DB) has arrested Shahidullah and his wife Nipa Sultana Nupur on charges of embezzling Tk 16 crore. Nupur is the director of that organization. During preliminary interrogation, they confessed to cheating, police said. They try to embezzle more money.
DMP Additional Commissioner (DB) Abdul Baten said this at a press conference at the DB office on Mintu Road in the capital.
Crest Security Limited is a brokerage house registered on the Dhaka Stock Exchange. The Shahidullah-Nupur couple transferred Tk 16 crore invested here to another account. He promised to pay another Rs 30 crore as dividend. Later, DB police arrested the couple from Maijdi in Noakhali on Monday. Investors have filed a total of five cases against them for embezzling money.
At the press conference, Abdul Baten said that about 22,000 BO account holders used to trade in this broker house. The arrestees secretly transferred Rs 16 crore to another account of 22,000 small investors through their organization. When investors saw that money had been withdrawn from their accounts, they were not getting any message, they tried to contact the office. Later, on June 22, he saw the office locked.
The Shahidullah-Nupur couple fled after closing the broker house and embezzling crores of rupees from the customer. Two cases were filed against them at the Paltan police station. BO account holders have invested around Rs 100 crore there. They told us that they have embezzled 16 crore rupees. Besides, they have taken loans of Tk 30 crore from 44-45 people on the condition of paying dividends. They also hid to embezzle the money.
“We will investigate all the allegations,” he said. Then the Security Exchange Commission Dhaka, will inform the stock exchange authorities what elements are here. Then we will take legal action against them.
Shahidullah and Nupur were trying to flee the country through the Laxmipur-Noakhali border. The broker house is owned by Mohammad Shahidullah, the director is his wife Nipa Sultana Nupur and brother Wahiduzzaman.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
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