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Evaly’s future depends on audit report

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

The future operations of scam-hit e-commerce platform Evaly will be decided after conducting an independent audit, said a top official of the newly formed four-member governing body of the company.

The High Court (HC) formed the board for Evaly on October 18 led by former Appellate Division Justice AHM Shamsuddin Chowdhury Manik. Former bureaucrat Mahbub Kabir has been made the managing director for the e-commerce company.

“The fate of the online platform will be decided after getting the independent audit report,” Mahbub Kabir, a former additional secretary, told the Daily Sun after the meeting.

KPMG or Klynveld Peat Marwick Goerdeler, a UK-Dutch multinational professional services network, will run the audit.

“The KPMG will start its work within the next two weeks as per HC directive. Then, the management will decide whether the platform will run or not,” Kabir said. The first meeting of the board was held Tuesday at the Evaly office at Dhanmondi in the capital.

Some 214 thousand customers ordered products on the platform while Evaly owed them Tk 3.1 billion until Jul 15, according to the official report of the commerce ministry.

Evaly chairman Shamsuddin Manik discussed possible ways for restoring the assets of the company.

He also said the new board will put an emphasis on bringing the laundered money back to the country through legal process and refund the money among the customers.

On September 16, the Rapid Action Battalion (RAB) arrested Mohammad Rassel, the managing director of e-commerce site Evaly and his wife Shamima Nasrin, for allegations that the company embezzled funds from its customers.

Bangladesh Bank’s Financial Intelligence Unit froze Rassel and Shamima’s bank accounts after the allegations of fraud surfaced.