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Rab arrests man who defrauded thousands of people thru’ MLM scheme

Rab arrests man who defrauded thousands of people thru’ MLM scheme using religious clout, embezzled at least Tk 110cr taken from clients He began his career as an imam at a Pirojpur Mosque fifteen years ago. He also joined a multilevel marketing company (MLM), earning a mere Tk 900. Mufti Ragib Ahsan, a two-year-old Muslim convert, established an MLM company called "Ahsan Real Estate" to encourage people to make interest-free investments in Islamic Shariah. He also promised high returns. Ahsan used waz-mahfil programmes and famous religious preachers to draw attention to the devotees in Pirojpur. He also called them to invest in a scheme for Tk 15,000 deposits. He managed to attract around 10,000 clients in the first year and amassed a total of Tk 110 million. Ahsan, who is now Ahsan Group Pirojpur's chairman, started 17 businesses with the money from the MLM company. Most of these businesses have since vanished. Since 2018, the company has not been able to pay its inve