In Naogaon’s Sapahar upazila, a cooperative named Gram Janata Shramajibi Samabay Samiti Limited has been accused of absconding with deposits exceeding one crore taka from more than a hundred customers. The cooperative, which operated from Dighirhat Bazar, allegedly lured villagers with promises of high returns through a scheme called the 'Easy Investment Project.' Its office is now locked, and Managing Director Abdul Halim has been missing since the incident.
According to victims, Halim, along with relatives and eight staff members, collected deposits from local residents by promising extra profit on savings. When depositors recently sought their returns, Halim reportedly delayed payments and later disappeared with the funds. Victims such as Mokbul Hossain and Salma Begum said they had invested their savings and borrowed money, leaving them financially devastated.
Sapahar Upazila Cooperative Officer S.M. Jahangir Alam confirmed receiving complaints and said an investigation is underway. He added that legal action will follow under cooperative laws once the inquiry concludes. No police case or general diary has yet been filed, though affected customers have urged authorities to arrest the fugitive MD and recover their money.