Court bans Evaly chairman-MD from travel abroad...

Dhaka, Sunday   19 September 2021

Court bans Evaly chairman-MD from travel abroad

 Staff Correspondent

 Published: 12:29 PM, 17 July 2021   Updated: 12:31 PM, 17 July 2021

Evaly MD Md. Russell (Left) and chairman Shamima Nasrin (right); File Photo

Evaly MD Md. Russell (Left) and chairman Shamima Nasrin (right); File Photo

In the wake of various allegations against the widely discussed e-commerce company Evaly, the court has banned the company’s chairman Shamima Nasrin and MD Md. Russell from traveling abroad.

Aminul Islam, an official of the ACC GR branch of the court, told the media on Saturday that the order was passed by Metropolitan Senior Special Judge KM Imrul Kayes on July 15 (Thursday).

The sources said when the Anti-Corruption Commission (ACC) has taken necessary steps including a travel ban on Evaly Md. Russell and chairman Shamima Nasrin on July 8 so that the overall investigation cannot be disrupted. 

On July 8, the ACC launched an investigation into the absence of Tk 339 crore money from customers and merchants. An investigation committee has been formed with two members of the agency as members. The probe body has been formed to look into whether the money of the customer and the merchant has been embezzled or smuggled.

Earlier, on July 4, the Commerce Ministry wrote to four government agencies to take necessary action after investigating various allegations against Evaly. The institutions are the ACC, the Public Security Division of the Ministry of Home Affairs, the Bangladesh Competition Commission and the Directorate of National Consumer Rights Protection.

In a letter sent to the ACC chairman, it was said that at the request of the Commerce Ministry, Bangladesh Bank has investigated and reported against Evaly. As per the report, on March 14, the total assets of Evaly were Tk 91,69,42, 846 (current assets Tk 65,17,83,736) and the total liabilities are Tk 407,18,48,994. 

At that time, the liability of Evaly to the customer is Tk 213,94,06,560 and to the merchant is Tk 189,85,95,354. After taking goods in advance of these amounts, the company has a net worth of Tk 403,80,01,941 but it has assets of only Tk 65,17,83,736.