Trust Gold owner held over alleged Tk14.38cr investment fraud
Police say he promised the complainant a partnership in the jewellery business before allegedly taking the money through cash and cheques.
Police have arrested the owner of Trust Gold and Diamond Ltd over allegations that he swindled a businessman out of Tk14.38 crore after promising him a partnership in a jewellery venture.
A team of Gulshan Police Station arrested Soumen Saha, 35, from the Hatirjheel area around 9:30am today (3 July), said DMP Additional Deputy Commissioner (Media) Niaz Mehedi.
"The complainant, Biplab Chakraborty, first met Soumen in 2020 through business dealings at Metro Shopping Mall in Dhanmondi. Their relationship later grew closer during the Covid-19 pandemic," he said.
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He added that Soumen borrowed Tk50 lakh from Biplab in 2023, claiming he would use the money to purchase gold from Dubai.
"He [Soumen] later persuaded the complainant to invest in a new jewellery outlet, 'Trust Gold and Diamond Ltd', at Police Plaza Concord Shopping Mall in Gulshan by promising to make him a business partner," the DMP official said.
Soumen subsequently collected a total of Tk14.38 crore from the complainant through cash payments and cheques over different periods, he added.
"Despite receiving the investment, Soumen neither shared any profits from the business nor provided any financial accounts. When the complainant later sought an accounting, Soumen allegedly threatened and intimidated him, including with death threats," he said.
Following the complaint, a case was filed with Gulshan Police Station.
Soumen was produced before a court after his arrest today, the DMP official said.
