A team of RAB-1 conducted an operation at an organization called Basic Biz Marketing in North Badda area of the capital around 2.30 pm on Sunday. From there, 12 people, including Ismail Hossain Sumon alias Coin Sumon was arrested on charges of being the mastermind of the illegal bitcoin business in Bangladesh and online fraud, RAB said.
As many as 29 desktop computers, three laptops, 15 mobile phones, a tablet phone and miscellaneous documents were seized from them, stated commander Khandaker Al Moin, director of the legal and media wing at the RAB headquarters.
He said the main ringleader of the cycle was Ismail Hossain Sumon alias Coin Sumon.
“Sumon holds a Masters in Sociology from Jagannath University. In 2013 he started a children’s toy and clothing business in a small shop. From there he started the bitcoin business. Developed an online outsourcing company called Basic Biz Marketing. Behind this, Sumon had been doing business for a long time by creating illegal bitcoins and various online fraud traps.”
Sumon, the proprietor and founder of the business, had a small office in the beginning. From there he was running the business with 32 employees on 3 floors in Badda. The institution is open 24 hours in three shifts. Sumon has become the owner of huge wealth through illegal and fraudulent business bitcoin through the virtual wallet. He has two flats, plots, and a super shop business in Dhaka.