Monday, May 27, 2024


Dhaka Tribune

Five Transcom Group officials get bail in 3 separate cases

  • Bail granted till the next fixed date
  • Remand prayers denied
  • Case filed centring disputes over properties and company share
Update : 23 Feb 2024, 11:05 PM

A Dhaka court on Friday granted bail to bail to five officials of Transcom Group in three separate cases filed in connection with money embezzlement, occupying of property, and illegal transfer of shares of the company.

The Dhaka Metropolitan Magistrate Shanta Akter's court granted them bail after a hearing in the afternoon.

The accused are- Transcom Group Legal Advisor Fakhruzzaman Bhuiyan, Director (Corporate Finance) Kamrul Hasan, Director (Corporate Finance) Abdullah Al Mamun, Manager Abu Yousuf Mohammad Siddique and Assistant Company Secretary Mohammad Mosaddek.

Police produced them before the court seeking a five-day remand for accused Abdullah Al Mamun and a 10-day remand for four other accused.

Meanwhile, their lawyers filed petitions for cancellation of remand and sought bail.

After hearing both sides, the court granted bail to each till the next fixed date.

Earlier, the Police Bureau of Investigation (PBI) arrested five top officials, including two directors, of Transcom Group in Gulshan, Dhaka, on Thursday.

Dhaka North PBI Special Superintendent of Police Jahangir Alam said Shahzreh Huq, daughter of the late Latifur Rahman, the founder of Transcom Group, filed three cases with Gulshan police station as the plaintiff, leading to the arrests.

She sued her elder sister, the current Transcom Group CEO Simeen Rahman and mother, Shahnaz Rahman, the current chairman of the group, and Simeen's son Zaraif Ayaat Hossain, Transcom's head of transformation for trying to embezzle assets worth around Tk10,000 crore using fake documents.

According to the case statements, Latifur Rahman had left Tk100 crore in FDRs in several banks at the time of his death.

The plaintiff has accused her mother and sister of distributing the FDRs unequally, illegal acquisition of property and unauthorized transfer of company shares.

The rest of the officials have been accused of helping to embezzle money.

The case documents mentioned that the plaintiff was informed that her father had transferred 4,270 shares to her, 4,270 shares to his brother and 14,160 shares to her mother.

However, Shahzreh Huq claimed that she nor her father ever signed the transfer deeds.

The plaintiff alleged that the accused forged these documents.

Top Brokers


Popular Links