A large-scale fraud allegation has surfaced in Keraniganj, Dhaka, involving around 10,000 investors and hundreds of crores of taka. The accused is Naznin Akter Usha Nazim, daughter of former Shuvadda Union Parishad chairman Nazim Uddin and managing director of International Amusement Club. Victims claim they were denied promised plots, dividends, or refunds and instead faced threats and harassment. The projects include Bashundhara Riverview, Hasnabad Housing, Chandarchar BCRSP, and several others launched by Nazim Uddin before his death in 2013.

After Nazim Uddin’s death, his family inherited his assets, and Usha became the club’s managing director. The club’s operations stopped, and investors allege Usha secretly sold properties. In January 2025, victims filed a case against Nazim’s family members, accusing them of embezzlement and intimidation. Usha denies wrongdoing, calling the allegations false, though she admits selling some project lands and refusing refunds to permanent members.

The projects remain inactive, and thousands of investors are yet to recover their money. The dispute has left the International Amusement Club defunct and its members without resolution.