This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Owner of Collapsed Building Captured in Bangladesh

By Chris Blake and Julhas Alam

SAVAR, Bangladesh -- The fugitive owner of an illegally constructed building that collapsed and killed at least 377 people was captured Sunday by a commando force as he tried to flee into India. At the disaster site, meanwhile, fire broke out in the wreckage and forced authorities to suspend the search for survivors temporarily.

Mohammed Sohel Rana was arrested in the western Bangladesh border town of Benapole, said Jahangir Kabir Nanak, junior minister for local government. Rana was brought back by helicopter to the capital of Dhaka where he faced charges of negligence.

Rana's capture was announced by loudspeaker at the disaster site, drawing cheers and applause from those awaiting the outcome of a continuing search-and-rescue operation for survivors of Wednesday's collapse.

Many of those killed were workers at clothing factories in the building, known as the Rana Plaza, and the collapse was the deadliest disaster to hit the garment industry in Bangladesh that is worth $20 billion annually and is a mainstay of the economy.

The fire that broke out late Sunday night sent smoke pouring from the piles of shattered concrete and halted some of the rescue efforts -- including a bid to free a woman who was found trapped in the rubble.

The blaze was caused by sparks as rescuers tried to cut through a steel rod to reach the woman, said a volunteer, Syed Al-Amin Roman. At least three rescuers were injured in the fire, he said. It forced them to retreat while firefighters frantically hosed down the flames.

Officials believe the fire is likely to have killed the trapped woman, said army spokesman Shahinul Islam. Rescue workers had delayed the use of heavy equipment for several hours in the hope that she could be extricated from the rubble first. But with the woman presumed dead, they began using heavy equipment around midnight.

An exhausted and disheveled Rana was brought before reporters briefly at the Dhaka headquarters of the commando team, the Rapid Action Battalion.

Wearing a printed shirt, Rana was sweating as two security officers held him by his arms. A security official helped him to drink water after he gestured he was thirsty. He did not speak during the 10-minute appearance, and he is likely to be handed over to police, who will have to charge him and produce him in court within 24 hours.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,982.59 +22.02 0.13%
S&P 500 1,978.91 +0.57 0.03%
NASDAQ 4,444.9090 -4.6550 -0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs