In a massive financial fraud case in Madarganj, Jamalpur, nearly 35,000 depositors lost Tk 700 crore in a cooperative society scam. The organization lured members in with promises of high interest rates before misappropriating their savings. Although six cases have been filed, key perpetrators remain at large. Allegations suggest that the fraudulent cooperative was operated under the protection of Awami League MP Mirza Azam. Despite public outrage, the local administration has not taken effective steps to recover the victims’ funds. Reports indicate that BNP and Jamaat-e-Islami leaders were also involved in the scam and are currently in hiding.