Dhaka, May 5 -- In a major crackdown on financial crime, the Criminal Investigation Department (CID) apprehended eight individuals, including the mastermind behind a sophisticated fake loan racket, on Saturday.
The gang is accused of embezzling crores of taka from various banks through a web of deceit involving forged documents and fraudulent identities.
The elaborate scheme involved the creation of fake National Identification Cards (NID) and Taxpayer Identification Numbers (TIN) using fabricated information.
These forged documents then served as the foundation for the creation of phony apartment ownership certificates, fabricated in collaboration with corrupt registry office officials.
Armed with these counterfeit documents, the gang ...