A Dhaka court on Tuesday granted bail to three Transcom Group officials in two cases filed over embezzlement and illegal transfer of company shares.
Dhaka Additional Chief Metropolitan Magistrate Tofazzal Hossain passed the order after accepting the bail pleas from the trio -- Transcom’s corporate finance director Abdullah Al Mamun, manager Abu Yusuf Md Siddique and assistant company secretary Mohammad Mosaddek.

 On 21 April, Dhaka Metropolitan Magistrate Md Rashidul Alam put them on a three-day remand scrapping their bail applications.
 Shahzreh Huq, daughter of late Transcom Group founder Latifur Rahman, filed three cases against eight officials of the group, including its Chairman and Latifur’s wife Shahnaz Rahman, Chief Executive Officer (CEO) Simeen Rahman and Head of Transformation Zaraif Ayaat Hossain, at Gulshan Police Station in Dhaka on 22 February over alleged embezzlement, occupying of property and illegal transfer of company shares.

 According to the case documents, Simeen and her accomplices tried to illegally acquire around Tk10,000 crore worth
of property of her father Latifur Rahman through false deeds of settlements.
Shahzreh alleged that her father, before his death, left around Tk100 crore in FDRs across multiple banks.

 She accused her mother Shahnaz Rahman and sister Simeen Rahman of unequally distributing the FDRs. The rest were accused of assisting Shahnaz and Simeen in embezzling the funds.
The Police Bureau of Investigation (PBI) arrested five officials of Transcom Group, including its two directors. Later, they were granted bail by the court.
 Later on 22 March, Shahzreh Huq filed a murder case at Gulshan Police Station, where some 11 people, including her elder sister Simeen Rahman, were made accused.
In that case, it was alleged that their brother Arshad Waliur Rahman, who died nine months ago, was killed.