DHAKA, Aug 14, 2025 (BSS) - The Criminal Investigation Department (CID) has recently arrested a person from the capital's Dhanmondi area on charges of amassing a huge amount of money by cheating people and then laundered those abroad through Cryptocurrency in the form of hundi. 

 
The arrested has been identified as a fraud ring member Nayan Ali (34), son of late Moazzem Hossain, hailed from Chamagram, under Sadar Upazila of Chapainawabganj district.

 
The Cyber Police Center (CPC) of the CID was recently arrested after conducting a raid in Dhanmondi area along with one mobile phone set used in the fraud, said a CID press release. 

 
During the initial interrogation, Nayan admitted his involvement in this ring. 

 
He said that he had recently embezzled about Tk 27 lakh from a victim through the two bank accounts he used. 

He also admitted to having embezzled approximately Tk 4 crore from other such victims.

 
The investigation found that although Nayan was involved in this gang through his uncle named Juhurul Islam (40) and he was introduced with the mastermind of the gang Mehedi Hasan (30) through him. 

 
At the instructions of Mehedi Hasan and his uncle, Nayan Ali used to carry out the fraud using his own and his sister Masrufa's Dutch-Bangla bank accounts. 

 
He used to receive a commission of Tk 1000 for every Tk one lakh transaction. Thus, he admitted that he had earned about Tk four lakh in this way in the last three months.

 
After reviewing the information of the above-mentioned bank accounts of the arrested Nayan , it was revealed that about Tk 4 crore was transacted in the last three months.

 
Nayan admitted that the defrauded money was smuggled abroad in the form of hundi through Cryptocurrency.

 
A case was lodged under Section 406/420 of the Penal Code against the arrested Nayan Ali with the Cantonment Police Station on March 26 last. He was accused in another case filed with Dhanmondi Police Station under Section 406/420 of the Penal Code.

The Cyber Police Center (CPC) is continuing its operation to identify and arrest other members of the gang, especially Nayan Ali's alleged uncle Juhurul Islam (40) and the ringleader Mehedi Hasan (30).

 
The CID has requested people to be cautious about any kind of investment offer coming through social media and to immediately inform the authorities about suspicious activities.