Officials and employees of the 'Madhyanagar Ruposhi Bangla Savings and Loan Cooperative Society Limited' in Sunamganj’s Madhyanagar upazila have gone into hiding after allegedly embezzling around Tk 6 crore. The cooperative, registered in 2022, was run by Rafiqul Islam of Netrokona and Amiya Bhushan Kar (Montu) of Madhyanagar. They attracted locals with promises of unusually high profits through savings and DPS schemes. About two months ago, both owners disappeared, leaving more than five hundred depositors unable to recover their money.

Victims, including small traders, teachers, and workers, have reported losing their life savings. Some alleged they were threatened when demanding refunds. On Sunday afternoon, defrauded customers held a human chain protest, urging authorities to recover their money. Local business leaders confirmed widespread losses and said they would seek administrative action. The Madhyanagar cooperative officer stated that the society’s registration had been canceled in November 2025 for operational irregularities, but it continued activities secretly afterward.

Local leaders also warned that another NGO in the area, 'Pollibondhu,' faces similar allegations, calling for stricter oversight of such organizations.