The Criminal Investigation Department (CID) has arrested a former salesman of a jewellery shop at Bashundhara City Shopping Complex in the capital over allegations of embezzling a huge quantity of gold ornaments over several years.
Investigators said the accused, Krishna Basak alias Swapan Basak, 47, later became the owner of a jewellery shop, purchased a flat and a car, and invested in the stock market using money allegedly acquired from the embezzled gold.
A team of CID’s Dhaka Metro West Division arrested him from a road in front of Bashundhara City Shopping Complex under Tejgaon Police Station on the afternoon of 12 May 2026.
Krishna Basak is the son of Gour Chandra Basak and Chapla Rani Basak and hails from Ramchandrapur in Daulatpur, Manikganj. He had worked as a salesman at the jewellery establishment.
Tejgaon Police Station under Dhaka Metropolitan Police registered case No. 14 on 26 September 2024 under sections 408, 420 and 34 of the Penal Code, 1860 over allegations that he embezzled gold worth around Tk94 crore with the assistance of other employees of the establishment.
According to the case statement, the complainant’s father is the managing director of a jewellery company at Bashundhara City Shopping Complex, where the company operates several jewellery shops. During stock verification, authorities found that a total of 7,550 bhori of gold ornaments had gone missing from the shops at different times between January 2019 and September 2024. The estimated market value of the missing gold stands at Tk94.37 crore.
The investigation found that Krishna Basak abused the trust of the owner and embezzled a huge quantity of gold ornaments in collusion with others while working as a salesman at the establishment.
During the investigation, CID reviewed income tax documents and financial transactions and found evidence of significant assets in the accused’s name despite his monthly salary of around Tk10,000 to Tk15,000 as a salesman.
Investigators found that the accused invested around Tk33 lakh as the owner of a jewellery business. They also found a flat and car parking space worth Tk44.55 lakh, shares worth Tk16.78 lakh in the stock market, and 50 bhori of gold declared in income tax records.
CID suspects that the assets may have been acquired using part of the embezzled gold.
CID also found unusual transactions in the accused’s bank accounts during account reviews.
Investigators have sought police remand after producing him before the court to recover the embezzled gold and identify other people involved in the incident.
Earlier, one of the accuse named in the case was arrested and later gave a confessional statement before the court under section 164 of the Code of Criminal Procedure.
CID’s Dhaka Metro West Division is currently conducting the investigation. The agency said its investigation and operations are continuing to uncover the full details of the crime and arrest the other accused involved.
CID’s Dhaka Metro West Division is currently conducting the investigation. The agency said its investigation and drives are continuing to uncover the full details of the crime and arrest the remaining accused.
