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

  • Published at 03:33 pm January 23rd, 2019
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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.