DHAKA, July 20, 2025 (BSS) – The Criminal Investigation Department (CID) today attached huge properties worth Tk 400 crore of Madarganj Upazila Cooperative Office in Jamalpur district following a court order.   

The financial crime unit of the CID attached the properties, establishments, institutions as Senior Special Judge, Jamalpur Sessions Judge Court, Jamalpur issued an order to attach the properties of Madarganj Upazila Cooperative Office on July 9 last, said a CID press release.  

Among these properties, there is 3113 decimal of land, a brick kiln named Alpha Astrobics on about 15 acres of land in Goherpara Mouza under Sadar Thana of Jamalpur district and a garment factory named Alpha Dresswear on about 350 decimal of land in Gazipur South Salna Mouza. 

In addition, nine plots in Bashundhara Residential Project in the name of Alpha Developer, Alpha Dresswear and remaining properties in Dhaka, Narayanganj district, Gazipur district and Jamalpur district were attached.

Cooperative societies with different names have been formed with the registration of Madarganj Upazila Cooperative Office of Jamalpur district. Madarganj Al Aqaba Multipurpose Cooperative Society Limited is among these societies. 

The court also issued travel ban on the people involved in embezzling the properties as they can’t leave the country. 

The office bearers of the cooperative society collected huge amounts of money from about 13 to 14 thousand customers by luring of higher profits than banks. Although they gave some profit to the customers in the beginning. But, now the people of the cooperative societies have embezzled the money. As a result, the customers of these societies have lost everything. 

Through Madarganj Al-Aqaba Multipurpose Cooperative Society, it attracted customers by promising high profits in a short time to innocent people in various police stations of Jamalpur district and various areas around the neighboring districts.

It collected a huge amount of money by promising a profit of Tk 1200-1500 per lakh every month. Initially, it provided limited profits, but later it was closed and the owners and officials of Al-Aqaba Society locked the office and went into hiding.

The directors of the society fraudulently embezzled about Tk 400 crore from about 13 to 14 thousand people.  

They (directors of the society) opened various institutions in their own names and acquired huge wealth by purchasing immovable properties. 

A process is underway to file a case under the Money Laundering Prevention Act with Madarganj Police Station in Jamalpur district against the directors of Al Aqaba Cooperative Society as they fraudulently embezzled deposits of the general members of the cooperative society.