Headline
** Workplaces are still not safe for women ** 10 killed in apartment fire in northwest China's Xinjiang ** Richarlison's second-half brace give Brazil 2-0 win over Serbia ** Son, Suarez subdued in Uruguay-Korea stalemate ** Raising retail power tariff: 3 more distribution companies submit proposals ** 6 hurt in three-wheeler crash on Mayor Hanif Flyover ** FIFA World Cup 2022: Young Spain rout experienced Costa Rica 7-0 ** Japan stun Germany with late strikes at World Cup ** Hundreds of vehicles get clogged with heavy traffic congestion in city’s Tejgaon area on Saturday. NN photo ** Japan stun Germany 2 goals in 8 minutes ** Bangladesh arrests man tied to death-row militants’ escape ** Traffic alert: Dhaka commuters urged to avoid Airport-Uttara route from tomorrow till Sunday morning ** A man dries up fishes at Bakolia area of Chattagram city on Tuesday ahead of imminent winter. NN photo ** Clothing piles up at Bangladesh warehouses as west cuts imports ** Six cops among 21 injured as police clash with BNP in Sherpur ** FIFA World Cup 2022: Saudi Arabia beat Argentina 2-1 ** Fire kills 38 at industrial wholesaler in central China ** Bangladeshi fisherman injured in firing by Myanmar border force ** Our police are not serious about their professionalism and honesty ** Saka, Bellingham sparkle as England crush Iran ** Death toll in Indonesia quake rises to 162 ** Earthquake shakes Indonesia’s Java island; at least 20 dead ** Bulk power price hiked by around 19.92 % ** Transport strike in Habiganj rolls into 4th day ** Valencia leads Ecuador to 2-0 win over hosts Qatar in World Cup opener **

Evaly another example of fraud business

25 September 2022
Evaly another example of fraud business


Evaly's creditors are unlikely to get their money back as there is no documentation at the controversial e-commerce platform's end, making it difficult to verify who is owed what amount, found an audit into the company's books commissioned by the court-appointed board. Both customers and vendors have routinely been flocking outside of Evaly's office in the capital's Dhanmondi demanding their money back for a while now. But the five-member board cannot do anything as they do not have enough documents.


On September 21, the five-member board turned in the 4,000-page audit report to the court as well as their resignations and their own report on the company. The auditors traced transactions amounting to Tk 4,800 crore through seven bank accounts of Evaly in 2018 and 2019 but there is no paperwork at the company's end. Auditors said why people deposited those sums, who deposited them, who withdrew money and why they were withdrawn… there is no clue in Evaly's office. Evaly, which began its journey on December 16, 2018 amid an advertising blitzkrieg and unbelievable discounts, did not keep any log of who its vendors and customers are, let alone what sum they are owed or what they have paid? So, one might suspect money laundering might have taken place.


For instance, the board found some copies of cash cheques but there is no mention of who were those issued to and for what purpose. Similarly, the audit found many vouchers were dispensed but there is no mention of why those were made and for whom. This was their modus operandi for fraud. Evaly was started with the intent of fraud. They knew that they would wind up the company after making a fortune through fraud. The audit could not determine whether further transactions took place beyond the seven bank accounts. The baton has been passed to a new board that includes Shamima Nasrin, the original chairwoman of Evaly and the wife of Evaly founder Mohammad Rassel, her mother Farida Talukdar Lily and her sister's husband Md Mamunur Rashid, as per an HC order on August 24.


Aggrieved customers and vendors are in dire situations and they need to realise their sums. As the baton of the notorious Evaly will be handed over to the old folks, the court and law enforcers must keep their eyes on them thus they pay the amount to the frauded people and any attempt to embezzle money could be prevented.

Tariff
Add Rate