On September 16, 2021, Rassel and Shamima were arrested from their Mohammadpur residence in the capital in a case filed over fraud and embezzlement

The platforms had offered hefty discounts to lure unsuspecting customers to make advance payments of thousands of crores of taka

The e-Commerce Association of Bangladesh (e-CAB) has recognised 34 companies with the "e-Commerce Movers Award (eCMA) 2023" for their outstanding contribution to society.

The financial sector in Bangladesh is still facing challenges in moving towards sustainable finance due to a lack of awareness and capacity-building, stakeholders said yesterday.

Different tax rebates are needed to help e-commerce companies in Bangladesh regain their growth trajectory after facing a significant downturn for the past two years, according to industry people.

The commerce ministry yesterday launched a Central Complaint Management System (CCMS) in order to protect consumers from fraud while purchasing goods and services from e-commerce firms.

The commerce ministry recently issued a letter to Evaly, seeking the exact number of its aggrieved customers and merchants as well as the amount of money stuck-up in payment gateways in order to facilitate refunds.

She took advance payment from customers luring them with hefty discounts and then purchased a plot and flat with over Tk 9 crore. Her relatives also purchased property with the customers’ money. 

The commerce ministry has asked Evaly to stop selling gift cards on discount to promote the company’s products, said a senior official of the ministry yesterday.

Following a raid last year, the Rapid Action Battalion (Rab) did not lock up Evaly’s headquarters, which enabled looting and for which registers and documents could not be provided to an audit team, claimed Evaly co-founder Shamima Nasrin yesterday.

Bangladesh’s e-commerce platforms have been witnessing a drop in sales in recent months due to high inflation and rising delivery costs. 

Golden Harvest Agro has decided not to proceed with its plan to open an e-commerce business, with the company’s board citing yesterday that it was for the unstable economic outlook of the country. 

Over a year has passed since government agencies cracked down on several e-commerce platforms for not providing refunds or delivering products of thousands of customers after luring them with hefty discounts. 

A missing server password is holding up any and all meaningful methods of paying back Evaly customers and merchants – and there is seemingly no way to retrieve this password.

E-commerce entrepreneurs yesterday urged the government to provide them with bank loans by taking into account their digital business identification (DBID) in place of trade licences.

Members of the e-Commerce Association of Bangladesh (e-CAB) yesterday elected an executive committee comprising nine members for a two-year term. 

E-commerce purchases through cards bounced back in March as the total transaction value crossed Tk 900 crore for the first time since July last year, when a number of scams were unearthed in the sector.

Six months after landing in jail in cases filed over allegations of embezzlement of customers’ money, e-commerce platform Evaly’s Chairman Shamima Nasrin walked out of jail yesterday.

The current Managing Director (MD) of Evaly Mahbub Kabir Milon said it is not possible to refund money of customers of the non-functional digital commerce company without examining information of clients from the server.

In the history of Ponzi schemes, there is no example of equitable justice. There is only one outcome: the house of cards comes crashing down, the mastermind is hauled off to jail, and the victims are the ones hung out to dry.