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Top-listed criminal Subrata Bain and one of his associates were arrested at Kalishankarpur in Kushtia town on Tuesday morning.
A responsible source in the Bangladesh Army told UNB that they were arrested after a three-hour-long operation.
Further details of the arrests will be disclosed at a briefing at 5 pm, the source added.
Subrata Bain, one of the top terrorists in Dhaka's criminal world, had been on the run for years.