• Saturday, Feb 04, 2023
  • Last Update : 10:24 am

Imam-turned-entrepreneur arrested for misappropriating 17,000C

  • Published at 09:24 am September 10th, 2021
ehsan group ragib hasan
Ehsan Group Chairman Ragib Hasan Dhaka Tribune

He used to target devout Muslims by promising them profits based on Shariah

Ehsan Group Chairman Ragib Hasan and one of his associates have been arrested by the Rapid Action Battalion (RAB) on charges of misappropriating Tk17,000 crore.

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.

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 embezzling money from thousands of people with a promise of operating the company in compliance with the Islamic law while offering them a high profit.

He was arrested along with his associate Abul Bashar Khan from the capital’s Topkhana Road on Thursday night, RAB Headquarters said in a press release on Friday.

Also Read - E-orange sued for embezzling 1,100C

During primary interrogation, Ragib has confessed to collecting Tk1.1 crore from over 100,000 members and clients of the 17 organizations under Ehsan Group. 

The group had almost 300 employees, who also fell victim to its trap as they did not get any salary, RAB said.

RAB Law and Media Branch Director Commander Khandaker Al Moin said: “The company has not been paying its customers since 2018. Ragib was arrested earlier in 2019 for cheating.”

He added: “The allegations made by the victims and the information given by Ragib are not consistent. It will be investigated whether the money has been used to finance militant activities,” he added.

Who is Ragib?

Ragib worked as an Imam till 2006. He also worked in an MLM company till 2007. 

In 2008, Ragib started a company called Ehsan Multilevel Marketing Company, reports Bangla Tribune.

Initially, he collected Tk110 crore from 10,000 members as investment in Ehsan Group. He used to talk about dividends based on Shariah to raise money. 

RAB said Ragib used to target the devout Muslims. He even encouraged investment by organizing religious sermons in the area.

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail