CEO Russell planning to ‘bankrupt’ Evaly: RAB...

Dhaka, Thursday   21 October 2021

CEO Russell planning to ‘bankrupt’ Evaly: RAB

 Staff Correspondent

 Published: 01:10 PM, 17 September 2021   Updated: 07:44 PM, 17 September 2021

Photo: Daily Bangladesh

Photo: Daily Bangladesh

Evaly’s total liability is Tk 1,000 crore and its CEO Russell had a “plan to bankrupt” Evaly if the e-commerce company failed to meet the customers’ obligation, said Rapid Action Battalion (RAB).

In a briefing on Friday morning, RAB’s Legal and Media Wing director Commander Khandaker Al Moin told the media that Evaly CEO Russell and its chairman his wife Shamima Nasrin took “Tk 5 lakh salary per month” in the name of “ex officio”.  

Besides, they are using two expensive private cars (Range Rover and Audi) with the company’s money, Commander Khandaker Al Moin also said.

RAB’s Legal and Media Wing director Commander Khandaker Al Moin made the remarks at a press conference at the RAB headquarters in the capital’s Kurmitola after the arrest of Evaly’s CEO Russell and chairman Shamima.

Besides two expensive private cars, Evaly has about 25 to 30 vehicles. At the individual level, Russell has other assets in Savar, including land worth “crores of takas”, Commander Khandaker Al Moin added.

He said Evaly currently has around Tk 30 in various bank accounts. Besides, Russell mentioned that Tk 30-35 crore customers’ money is stuck in some gateways, RAB’s Legal and Media Wing director said about Russell’s confession. 

RAB’s Legal and Media Wing director further said that inquiries about Evaly’s infrastructure revealed that the head office and customer care were set up in Dhanmondi in the rented space. Similarly, two warehouses were set up at Amin Bazar and Savar in a rented space. The company at one stage had about 2,000 management staff and 1,700 temporary employees. Due to the decline in the business, the company has currently 1,300 staff and about 500 temporary employees.

At one time, the total monthly salary of the employees was around Tk 5 crore, which now stands at Tk 1.5 crore. Many have been in arrears since June, Commander Khandaker Al Moin said.