• Sunday, Sep 25, 2022
  • Last Update : 09:54 am

Money laundering: Unipay2u chairman, MD among six jailed for 12 years

  • Published at 09:33 am January 23rd, 2019
Unipay2u officials, who were convicted in a graft case by a special court, leave the court premises in Dhaka on Wednesday, January 23, 2019 Dhaka Tribune

They are accused of laundering more than Tk420.14 crore

A Dhaka court has sentenced six people, including the chairman and managing director of a so-called multi-level marketing company Unipay2u, to 12 years rigorous imprisonment each in a money laundering case.

The judge of Special Judge’s Court 3, Abu Syed Diljar Hussain, on Wednesday also fined each convict a little over Tk2702.41 crore while delivering the verdict in the much-talked case filed by the Anti-Corruption Commission (ACC).

The verdict also mentioned that the accused will have to pay the fine within the next 180 days.

The six convicts were Managing Director Mohammad Muntasir Hossain, Chairman Md Shahiduzzaman Shahid, Executive Director Masudur Rahman, Company Director HM Arshad Ullah, General Manager AM Jamshed Rahman and Adviser Monjurul Ehsan Chowdhury.

Among them, Muntasir, Arshad Ullah, and Jamshed are currently in jail, whereas the others are on the run.

Issuing arrest warrants for the fugitives, the court also said that their punishment will be effective from the day of their arrests or surrender.

Defence lawyer Md Farhad Hossain said there were total 146 cases of fraud charges against the Unipay2u MD still pending trial in courts across the country. Of them, 36 were being heard at the Dhaka Judges Court.

According to case details, the then ACC assistant director Md Towfiqul filed the case on January 25, 2011 with the Shahbag Police Station against the six officials of Unipay2u for laundering more than Tk420.14 crore from different banks.

Later, Towfiqul submitted a charge sheet against the six on June 22, 2011, and the court indicted them on July 6, 2015.

Before delivering the verdict, the court had recorded depositions of 23 out of 27 witnesses in the case.

Unipay2U was registered under the Registrar of Joint Stock Companies and Firms as an entity dealing with export, import and multi-level marketing under the Companies Act 1994.

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail