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Destiny, Jubok victims may get half of money if assets sold

Says Commerce Minister Tipu Munshi

  • Staff Correspondent
  • 27 September, 2021 12:00 AM
  • Print news

Victims of Destiny and Jubok scams can be repaid 50 to 60 percent of their money if assets of the two companies are sold now, said Commerce Minister Tipu Munshi.

“Destiny and Jubok have a lot of resources. In the meantime, the prices of the assets have also increased a lot. Even we sell the assets at fair prices, we can give back 50 to 60 percent of money of the victim clients of these companies,” he said.

The minister made the remarks while speaking as the chief guest at a workshop on “The role of Economic Reporters Forum to create a fair competitive environment in the market through implementation of competition law”.

Bangladesh Competition Commission (BCC) organized the event at its head office in Dhaka on Sunday, presided over by its chairperson Md. Mofijul Islam.

Tipu Munshi said he had spoken to Law Minister Anisul Haque regarding the assets of Destiny and Jubok.

  “The law minister told me it was a matter of the court; the compensation can be given by associating with someone of the organizations. The law ministry is working on it,” the minister told journalists while replying to a queries.

According to the Ministry of Commerce, the owners of Destiny and the Jubok have withheld at least Tk 70 billion of their clients’ money.

Regarding the e-commerce sector, commerce minister said, “Despite bad incidents, the sector is moving ahead.

We cannot put in trouble at least 30,000 e-commerce companies in the country due to few greedy people.”

Tipu Munshi shared a bitter experience that two years ago he had ordered a cow online for Eid-ul-Azha and paid Tk 1 lakh.

“I paid Tk 1 lakh seeing the picture of the cow, but later I heard that it has been sold to another customer,” he said.

The minister said the online platform had supplied another cow to him.

He said the situation improved later and this year’s sacrificial animal haat ran very smoothly.

“If tough rules were introduced in the beginning of this sector, small e-commerce entrepreneurs could not run their business. But some greedy people took this as opportunity to cheat people,” Tipu Munshi said. The minister requested both the print and electronic media to make people aware of hefty offers of e-commerce companies. The workshop was also addressed by, among others, ERF president Sharmin Rinvi, secretary Rashidul Islamm, BCC members GM Saleh Uddin, AFM Manzoor Qadir and Nasrin Begum and BCC legal advisor Mafrufa Murphy.