Like Destiny Group, the name of another multi-Level marketing (MLM) company has recently come to the fore.
Sources from law enforcement agencies said they have detected the MLM company named SPC World Express which allegedly swindled over Tk268 crore out of clients in the last 10 months.
The detective branch of Dhaka Metropolitan Police (DMP) arrested six officials of the company, including its chief executive officer Al-Amin Prodhan. The arrests were made between late October and early November.
Police sources said Al-Amin Prodhan, once a member of Destiny Group, dreamt of becoming one of the richest persons of the globe.
"After Destiny Group's activities were closed down by the government, he started multilevel marketing through his unlicensed SPC World Express following the strategies of Destiny Group," informed Additional Commissioner of DMP AKM Hafiz Akhtar.
"According to our investigation, Prodhan and his accomplices have already embezzled Tk268 crore since January this year," he claimed, adding that he was eventually detected and arrested by Cyber and Special Crime unit of DMP.
The DB official said police have arrested five more officials of the company: Executive Officer Md Jasim, managers – Md manic Mia, Md Tanvir – Assistant Manager Md Pavel Sarker and clerk Nadim Md Yasir Ullah.
Police also seized a SUV, two pickups and a few other things from their possession.
Police sources said people could download the company's app from google play. To become a member through the app, one would need to pay Tk1,200 through mobile banking.
"In return, members would be provided a few commodities like shampoo, face wash, rice, and chili.
In the 10 months, the organisation managed to involve 22,25,000 people, including 500,000 expatriates from 17 countries, using eight bank accounts for transactions, claimed police.