Bangladesh Bank to probe Evaly transactions, e-commerce activities

Bangladesh Bank will investigate financial transactions and other activities of e-commerce platform Evaly.

Abu Hena Razee Hasan, head of the Bangladesh Financial Intelligence Unit (BFIU), a part of Bangladesh Bank, informed reporters about BB’s move.

Yesterday, the bank accounts of Shamima Nasrin, chairman of online shopping platform Evaly.com and its Managing Director Md Rassel, were frozen by BFIU under the Money Laundering Prevention Act 2019.

Hasan said the bank accounts of Evaly and its top executives were frozen after seeing media reports about the e-commerce firm’s “illegal activities”.

The banks and financial institutions have also been directed to send relevant documents of their bank accounts like account opening form, KYC (know your customer), updated transaction statements, deposits and withdrawal receipts over Tk 50 lakh, pay order, bank cheques, the information about the payee and depositors, their NIDs with images, within five working days from date of the letter’s issuance, he said.

Evaly recently came under spotlight after widespread criticism over its transactions. There are allegations against the company for delaying in delivering products even after taking money from customers.