The Anti Corruption Commission (ACC) is likely to file a case against five officials of a MLM company on charge of swindling nearly Tk 33 crore of the investors’ money.
The Commission has already given clearance to file a case against five officials of Aimway Corporation, a multi-level marketing (MLM) company, for swindling investors’ money. The case will be filed with Paltan Police Station on Thursday, an ACC inquiry officer told reporters on Wednesday.
He said the five officials of Aimway Corporation operated MLM (multi-level marketing) business illegally and misappropriated the investors’ money. The ACC will file the case against them under the Money Laundering Prevention Act, 2012.
The case will be filed against Aimway Corporation chairman and president of Alor Disha Small Cooperatives Limited Sayed Redwan Bin Ishaque, a son of Charmonai’s Pir; its vice chairman M Saiful Islam; managing director M Masud Rana; deputy managing director GM Salahuddin; and director Moshiur Rahman.
All the five are associated with Alor Disha Small Cooperatives Limited.
ACC sources said the accused in collusion with each other transferred nearly Tk 10 crore of investors’ money of Alor Disha Small Cooperatives Limited to Aimway Corporation promising high interest rate and violating the cooperatives law and rules.
Aimway officials deposited over Tk 12.5 crore to their bank accounts at the Motijheel branch of BRAC Bank by marketing herbal products through MLM system. Later, the accused also embezzled around Tk 11 crore from Alor Disha Cooperatives, the sources said.
ACC to sue MLM officials for swindling Tk 33cr