Besides investigating the financial details, the audit firms will also look into the issue of product delivery
The Bangladesh Bank has asked the government to appoint audit firms to look into the financial statements of nine e-commerce platforms.
In a letter to the Commerce Ministry on Sunday, the central bank has recommended audits into Alesha Mart, Dhamaka, E-orange, Sirajganj Shop, Aladiner Prodip, Qcoom, BoomBoom, Adyan Mart and Need.com.bd.
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The recommendation of a third party audit came in response to a letter by the ministry on August 24 to the central bank over the latest audit reports of the online marketplaces, reports Bangla Tribune.
The ministry had sought information on the total liabilities of the companies to the buyers and merchants, the amount of current and fixed capital of the companies as well as the location of fund transfers and transactions.
According to the central bank’s recommendation, the audit firms should be investigating the financial statements of the companies as well as any anomalies in product delivery.
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Following the ministry’s letter, the central bank had also looked into Evaly’s audits and had found that the company owes customers and merchants Tk 403 crore with a current capital of Tk 65 crore. Evaly had already submitted their financial statements thrice. The Tuesday meeting in the Secretariat will also decide on Evaly’s statements through verification.
There have also been complaints relating to product delivery, taking money from customers in advance, fraudulent transactions against, Eorange, Invariant Telecom Bangladesh Limited, and almost all these companies.
Investigations in money laundering are also being carried out by the Criminal Investigation Department (CID) of the police. So far, a case has been filed by CID in the Banani police station against 5 people.