HomeBangladeshIndustryBangladesh: eOrange embroiled in money embezzlement now only has Tk 3 crore in accounts

Bangladesh: eOrange embroiled in money embezzlement now only has Tk 3 crore in accounts

Law enforcement officials have discovered that Bangladeshi e-commerce platform eOrange which is embroiled in embezzlement of funds only has Tk3 crore 12 lakh 14 thousand 356 in two of its main bank accounts.

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Dhaka — Law enforcement officials have discovered that e- platform eOrange which is embroiled in embezzlement of funds only has Tk 3,12,14,356 in two of its main bank accounts.

According to a City Bank statement, eOrange received Tk 620,67,20,729 as of July 20 of this year and Tk620,44,71,992 has already been withdrawn. There are currently only Tk 22,48,737 in the bank .

Sheikh Liaquat Ali, inspector of the DB’s Tejgaon zonal team, informed Prothom Alo that two cases had been registered in Tejgaon Industrial Area and Gulshan Station against e-Orange for embezzlement money. The two accounts details are now being evaluated.

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Earlier this month, on August 17, a Dhaka court sentenced the top two key executives of eOrange — and her husband Mashukur Rahman — to prison.

“Police are undertaking an investigation to apprehend those who are responsible,” Sheikh Liaquat Ali stated.

On the other side, the Ministry of Commerce has served eOrange with a notice to demonstrate the reason for consumer harassment.

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According to the notice, the ministry discovered through media reports and consumer complaints that eOrange failed to deliver items even when customers paid for them, which violates the Consumer Rights Protection Act, 2009, and the Penal Code of 1860.

Additionally, by July 31 of this year, the company was directed to declare its assets, liabilities, and working capital.

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