HomeBangladeshIndustryBangladesh Bank reviews bank accounts of 7 e-commerce firms embroiled in controversy

Bangladesh Bank reviews bank accounts of 7 e-commerce firms embroiled in controversy

The BFIU sent a letter to the banks on Tuesday (June 29). The letter said that if any account has been conducted in the name of the person concerned in the interest of these organizations and organizations, it should be informed if it is conducted now or in the past.

Preferred Source of Google

Dhaka — The Bangladesh Financial Intelligence Unit (BFIU), controlled by the central bank, has summoned the bank accounts of seven companies, including Alesha Mart. Apart from Alesha Mart, BFIU has summoned the bank accounts of Dhamaka Shopping, Sirajganj Shop, Aladdin’s Lamp, Boom Boom, Adian Mart and Needs.com.

The BFIU sent a letter to the banks on Tuesday (June 29). The letter said that if any account has been conducted in the name of the person concerned in the interest of these organizations and organizations, it should be informed if it is conducted now or in the past.

At the same time, they have to send the account opening form, KYC profile, updated transaction details from the beginning.

Advertisement
Infosec Reimagined
Infosec Reimagined
Infosec Reimagined 2026 is the premier information security summit where top leaders—CISOs, CROs, CIOs, CTOs and risk executives—converge to redefine cyber resilience.
Register Now →
Digital Senate
Digital Senate
Digital Senate is a premier conference uniting government leaders, technologists and innovators to share ideas, success stories and strategies on digital governance, public sector transformation, cybersecurity and emerging technologies in India.
Register Now →
CIO Prism
CIO Prism
CIO Prism unites forward-thinking technology leaders to exchange transformative insights, shape digital strategies, and foster innovation, empowering enterprises to excel in an era of rapid technological change.
Register Now →
National DefTech Summit
National DefTech Summit
Featuring keynotes, expert panels, live tech demos and strategic networking, the summit will drive actionable insights for defence sector.
Register Now →
Future-Ready Defence
Future-Ready Defence
A Leadership Dialogue on sovereign, trusted data infrastructure, AI readiness and mission resilience for Defence Forces.
Register Now →

Within a week of receiving the letter, the banks have been asked to send all the information related to the transactions of these institutions.

Recently, a number of banks suspended card transactions with these seven institutions as well as with Evaly, e-Orange and Qcomm.

Earlier, several banks had suspended credit, debit and pre-paid card transactions at 10 online shopping sites, including Evaly and Alesha Mart.

Advertisement

The Dutch Bangla, , (MTB), BRAC Bank, Bank Asia, Dhaka Bank, UCB, Citybank have banned transactions in these online . BRAC, City, Mutual Trust, Bank Asia, Dhaka, and Prime Bank have already suspended transactions on certain e-commerce sites using their credit, debit, and prepaid cards.

There are allegations against these e-commerce companies for selling products at much lower prices than the market price in the name of various offers, taking money long before delivering the products and not delivering the products on time.

Earlier this week, the Commerce Ministry said after a meeting that no company would be able to take money before delivering the goods. The e-commerce organization is reported to be having a policy on transactions.

Advertisement

NEWSLETTERThe Daily BriefingThe day's top enterprise technology stories, curated by our editors. Monday to Friday.

Free. One-click unsubscribe anytime. We never share your email.

Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
Advertisement
- Advertisement -
- Advertisement -

Prince Pipes IT head Tejas Shah exits after four-year stint

Tejas Shah joined the Mumbai-based piping solutions company Prince Pipes in August 2022 and was responsible for IT infrastructure, cybersecurity and enterprise applications. His next move could not be immediately ascertained.

RELATED ARTICLES