Reliable Brokers
Online Investing
Alerts & Analysis
Easy Trading

Mashrafe severs ties with SPC Group, explains stance on Facebook

The company has allegedly been using digital development as a tool to embezzle money from the public

Update : 02 Jun 2021, 03:38 PM

National cricketer Mashrafe Bin Mortaza has severed all ties with SPC Group, which he had agreed to represent as their goodwill ambassador, after apparently learning about the controversy and corruption allegations surrounding the company.

Under the agreement signed between Mashrafe and SPC Group back in April, the organization had been using his pictures and videos to promote their business.

In exchange, the company was to work on social development, including the installation of 100 high-quality CCTV cameras in Narail.

The cricket icon is also the incumbent MP of the Narail 2 constituency. He won in the last general election with a ticket from the ruling Awami League,

On a Facebook post on Tuesday night, the former national cricket team captain said that he has come to learn that he was given the wrong idea about the type of business SPC Group conducts and that is why he was cancelling the two-year contract after only two months.

He also said that he has already sent the company a legal notice and started the legal process to terminate the contract.

“I’m urging everyone to not be misled and get involved with this company after seeing my name or photo,” Mashrafe added at the end of the post.

It is alleged that the SPC Group has been using digital development as a tool to embezzle money from the public.

Al Amin Pradhan, managing director and CEO of SPC World Limited, was arrested from the Mohammadpur area in November last year on charges of embezzling Tk26 crore in the name of e-commerce, according to media reports.

At the time, six other officials of the company were also arrested. 

Moreover, Al Amin was once active in the notorious Destiny-2000 Limited, a multilevel marketing company that has been in the middle of corruption allegations and cases for a while now.

When Destiny shut down, he followed the same course of action and started embezzling money through online fraud. Media reports said, in just 10 months, he and the others had swindled around Tk286 crore from the IDs of 22,26,668 members by showing them false offers online.

After the news of Mashrafe’s contract with SPC broke in mid-April, many had taken to social media to level allegations of fraud against the company and warn the former Bangladesh skipper.

Top Brokers