Police arrest four persons for their alleged involvement in selling fake 'antique metal coin'

The arrestees are the members of a gang who insisted people to purchase 'antique metal coin', alluring them of making huge financial benefit.

Police in Bangladesh have arrested four persons for their alleged involvement in selling fake ‘antique metal coin’ or ‘magnetic coin’ to people, and duping them of crores of taka.

The arrestees are the members of a gang who insisted people to purchase ‘antique metal coin’, alluring them of making huge financial benefit.

The arrestees are: Iftekhar Ahmed (44), Abu Nayeem Md Faizanul Haque alias Dr Nayeem (48), Md Abdul Halim Talukder Qureshi (42), and Abdul Kalam Azad (46).

Md Ibne Mizan, deputy commissioner of Dhaka Metropolitan Police (DMP) Tejgaon zone, said these at a press briefing at DMP media centre in the capital on Friday.

He said the arrestees and their associates have long been involved in cheating people by falsely claiming that doing business of such coins is quite profitable, as these have a huge demand across the globe.

The arrestees took Tk 4.5 million (Tk 45 lac) as advanced from a person named Md Mizanur Rahman for selling ‘antique metal coin’ on October 27 last year. They falsely informed him that market value of the coins would be around several billion US dollars.

Mizanur Rahman gave Tk 7.5 million more and a cheque of Tk five million, totalling Tk 17 million, to the arrestees.

Later, Mizanur Rahman realised that those coins were fake, and he was deceived by them. He filed a case with Adabar Police Station.

The DMP official said police arrested them by conducting raids from Thursday night to early Friday at Prince Bazar under Adabar Police Station, Shekher Tek, Suchana Community Centre (Dhanmondi) and Krishi Market.

Four pieces of fake ‘antique metal coins’, a bank cheque amounting to Tk 0.5 million, Tk 1.9 million in cash, and 10 mobile sets were also recovered from the arrestees' possession. Cases were filed against them, and they were sent to jail.