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Court bans Evaly, MD, Chair from leaving country

Published : Sunday, 18 July, 2021 at 12:00 AM  Count : 463

A Dhaka court barred Mohammad Rassel, managing director of Evaly and his wife Shamima Nasrin, also the chairman of the company, from travelling abroad.
Senior Special Judge KM Imrul Kayes of Dhaka issued the order in response to a plea by the Anti-Corruption Commission (ACC), it was revealed by ACC PP Mahmud Hasan Jahangir on Saturday.
Earlier on July 9, the ACC barred the top officials of the online marketplace from leaving the country.
ACC Deputy Director ASM Sajjad Hossain notified the Special Branch (SB) of police and the Department of Immigration and Passport (DIP) about the matter in a letter.
After news of the ACC travel ban was published, Evaly MD Rassel wrote on Facebook that he saw the matter 'positively'.
Evaly 's  offices have been closed for several days after the government and the ACC took action. Customers say no one is answering the company's hotlines.
ACC Deputy Director Mamunur Rashid Chowdhury and Deputy Assistant Director Muhammad Shihab Salam were tasked with investigating Evaly.
The national anti-graft agency had previously looked into the company's activities.
But a "specific" complaint from the Ministry of Commerce on Jul 4 led to the current investigation.
The Commerce Ministry attached to the written complaint a seven-page report by the Bangladesh Bank that found that Evaly's net asset was worth around Tk 917 million and the firm's liabilities were over Tk 4.07 billion on March 14. It took Tk 2.13 billion in advance from the clients and around Tk 1.9 billion worth of products from the merchants.
So, its current assets should have been at least Tk 4.03 billion, but the central bank found Evaly's assets were only worth Tk 651.7 million. With its current assets, the company can supply products to or refund or pay only 16.14 per cent of its customers and merchants, according to the report. Moreover, the Bangladesh Bank could not trace Tk 3.38 billion, which includes advance and products taken by Evaly from the customers and the merchants.
However, Evaly Managing Director Mohammad Rassel claimed that they have switched to work-from-home.






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