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High Court orders audit of Evaly's assets by a reputed firm

Evaly appealed to be audited by a different firm after being charged TK86 Lakh

Update : 02 Feb 2022, 06:00 PM

The High Court on Tuesday directed an audit of the assets of beleaguered e-commerce company Evaly by a reputed firm in the country.

The single bench of Justice Muhamad Khurshid Alam Sarkar passed the order following an application submitted by the board of directors of Evaly that was formed in the direction of the court.

Earlier, a company named KPMG was assigned to audit Evaly's assets on October 18 last year. But the company charged Evaly Tk86 lakh to conduct the audit. And so, the board directors of Evaly appealed to the court to have the company audited by another firm, said Barrister Syed Mahsib Hossain.

Barrister Morshed Ahmed Khan appeared for the board of directors of Evaly in the court while Barrister Syed Mahsib Hossain for the petitioner.

Another petition was also presented in court on Tuesday. One of the customers appealed seeking to be included in a party in the case for non-receipt of payment for Evaly's product and the court registered his appeal.

On October 18 last year, the High Court formed a five-member board, led by former Justice Shamsuddin Chowdhury Manik, to manage, control and assess the liabilities of Evaly.

Other members of the board are former secretary Mohammad Rezaul Ahsan and additional secretary Mahbub Kabir Milon, chartered accountant Fakhruddin Ahmed and lawyer Barrister Khan Mohammad Shamim Aziz.

Evaly CEO Mohammad Rassel and his wife Shamima Nasrin, the chairman of the platform were arrested on September 16, after a customer named Arif Baker filed a case at Gulshan Police Station alleging that the e-commerce platform was not delivering products despite taking advanced payments.

Meanwhile, customer Farhad Hossain submitted an application in the High Court seeking dissolution of the beleaguered company and direction on forming a board of directors for the company.

On September 22, the High Court ordered a ban on the sale and transfer of movable and immovable property during a hearing on the application and issued a notice questioning why Evaly will not be disbanded.

On September 30, during a hearing in this regard, the HC directed the Registrar of Joint Stock Companies and Firms (RJSC) to submit all the documents of Evaly within October 11.

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