Detective Branch (DB) of Dhaka Metropolitan Police (DMP) has arrested Crest Securities’ “fugitive” director Oahiduzzaman, who had been in hiding since being accused of embezzling shares and money of stock investors.

Deputy Commissioner of DMP’s Public Relations and Media Wing Walid Hossain said the DB arrested Oahiduzzaman from the Lake City in Dhaka’s Khilkhet area on Tuesday.

DB’s Deputy Commissioner (Ramna zone) HM Azimul Haque said Oahiduzzaman has been arrested in a fraudulence case which was earlier filed with the Paltan Police Station.

The investors in the Crest Securities filed the case over embezzling shares and money of stock investors, he said, adding Oahiduzzaman had been in hiding since being accused in the case.

Steps will be taken against Oahiduzzaman as per the law after interrogation, the police official said.

On July 6, police arrested Crest Securities’ Managing Director Md Shahid Ullah, his wife Nipa Sultana and two others, over embezzling of shares and money of stock investors through his brokerage houses.