The Police Bureau of Investigation (PBI) have arrested five officials including two directors of Transcom Group in connection with a case filed over money embezzlement and transferring shares illegallyfr om the capital's Gulshan area on Thursday (22 February).
"The case was filed on the charges of making fake documents, illegal transfer of shares, money embezzlement and fraud. 10-12 people have been accused," Gulshan Police Station OC Sheikh Shahanur Rahman said.
PBI Special Superintendent of Police Jahangir Alam said, "5 people have been arrested. We are looking for the other accused."
The five arrested are - Fakhruzzaman Bhuiya, Legal Advisor of the organisation, Director (Corporate Finance) Kamrul Hasan, Director (Corporate Finance) Abdullah Al Mamun, Manager Abu Yusuf Md Siddique and Assistant Company Secretary Mohammad Mosaddek.
According to police, Shahreh Haque, daughter of late Latiful Rahman, founder of Transcom Group, filed three separate cases at Gulshan police station on Thursday.
The case stated that some Transcom Group offcials have been involved in embezzling of Tk100 crore, possession of property and illegal transfer of shares of the company.
