Chair, MD among 22 Maxim Group officials sued

The Anti Corruption Commission filed Monday a case against 22 officials, including chairman and managing director (MD) of Maxim Group,

a multi-level marketing company, on charge of swindling Tk 3.04 billion (304 crore) of investors' money.

ACC deputy director Nur Hossain filed the case with Ramna police station in the morning, ACC public relations officer Pranab Kumar Bhattacharya told UNB.

Company Chairman Mafizul Haq and MD Habibur Rahman are among the accused.

In July 2013, the ACC launched a probe into the allegation of swindling about Tk 15 billion of the investors' money by Maxim Group.

ACC sources said Maxim Group, alluring the investors with a high-profit offer, earlier collected about Tk 15 billion from thousands of gullible people from across the country.

Former Chhatra Shibir leader Habibur Rahman, the MD of the Group, plundered the money and went into hiding, they said.

As per the recommendation of Jamaat secretary general Ali Ahsan Mohammad Mojaheed, the multi-level marketing company took registration from the Department of Cooperatives in 2002.