The government has formed an eight-member committee tasked with appointing an administrator for the Jubo Karmasangsthan Society (Jubok) to protect the assets of the controversial cooperative society that allegedly cheated hundreds of thousands of people.
“The committee, headed by a joint secretary of the Commerce Ministry will give recommend on appointing an administrator for closing down Jubok on the basis of a government sponsored commission report,” Commerce Secretary Hedayetullah Al Mamoon told the Dhaka Tribune yesterday after an inter-ministerial meeting.
The committee that also has representatives from the Ministries of Social Welfare, Home and Public Administration and the Office of the Registrar of Joint Stock Companies and Firms, will submit a report by September 30.
According to sources, the government now wants to repay the money, deposited by the members of Jubok, by selling its assets worth Tk2,500 crore.
Jubok, in the name of high profit, lured over 300,000 people to collect the huge sum.
