Bangladesh Financial Intelligence Unit (BFIU) has asked banks to send information of accounts of 23 digital platforms, including Daraz and Priyo Shop, and 29 executives related to the firms.

The consumers and merchants who have been the victims of fraudulent business activities by some e-commerce companies but did not file cases will get back their funds soon, a source said yesterday.

The commerce ministry yesterday said it was working on recovering another Tk 260 crore taken by fraudulent e-commerce entities as advance payments until last June and on refunding it to the respective customers who were not delivered products.

The High Court yesterday issued a rule asking authorities to explain in four weeks why they should not be directed to refund the money halted at

The High Court today issued a rule asking the authorities to show cause as to why their failure and inaction to refund the money of e-commerce customers should not be declared illegal.

Intelligence services have identified anywhere from 13 to 19 e-commerce entities which have defrauded customers and merchants of thousands of crores of taka, as per reports provided to a Digital Commerce Cell (DCC).

All e-commerce businesses will have to register with the commerce ministry within the next two months.

All e-commerce businesses will have to register with the commerce ministry within the next two months.

The government yesterday decided to return to customers Tk 214 crore that has remained stuck in payment gateways after some errant e-commerce platforms failed to deliver goods despite advance payments.

Hossain Ahmed, a resident of Rajarbagh in Dhaka, ordered a couple of gowns worth Tk 3,340 on a Facebook-based online shop for his wife on October 13.

The government wants to bring e-commerce business under a strict monitoring and regulation system to stop fraudulence.

The High Court yesterday formed a five-member board to run Evaly in the absence of its incarcerated directors as the government forages to find a way to pay back the controversial e-commerce platform’s long line of creditors.

The consumer rights watchdog of Bangladesh has fined 17 e-commerce firms for their failure to deliver products as promised and deceiving customers through false advertisements.

The website of Evaly, an e-commerce platform that is currently embroiled in controversy, yesterday became unavailable as its server was down, according to a post on the company’s official Facebook page.

The wait for tens of thousands of customers and merchants who are victims of scams perpetrated by 10 e-commerce firms is lingering on as there are no strong efforts on the part of the government to realise the money and compensate them.

Card transactions for e-commerce purchases increased slightly in August following a slump in July, when people were reluctant to place orders after it emerged that a few online platforms were scamming people.

The commerce ministry yesterday forwarded the names of three former secretaries who can serve as a member of the interim board being formed by the High Court to assess the liabilities of the controversial e-commerce platform Evaly.

The government has formed a new committee to bring all e-commerce firms in Bangladesh under one umbrella and safeguard the interests of the consumers and merchants who were deceived.

Yet another 15-member committee has been formed with the instruction of the cabinet division to protect the interests of the e-commerce consumers and merchants.

The High Court yesterday called for a four-member interim board to be formed at the earliest for assessing the liabilities of Evaly, in a development that can bring some solace to the thousands of aggrieved customers and vendors of the controversial e-commerce platform.