A Dhaka Court on Sunday sent three officials of Transcom Group on police remand for three days in two cases filed over alleged money embezzlement, property grabbing and illegal transfer of company shares.
The officials are Abdullah Al Mamun, Director of Corporate Finance, Mohammad Mossadeq, Assistant Company Secretary, and Abu Yusuf Md Siddik, Manager.
Judge of the Metropolitan Magistrate Court in Dhaka Md Rashidul Alam passed the order.
Sub-Inspector Shah Alam, General Register Officer (GRO) of the Gulshan Police Station, confirmed the matter.
Earlier, the officials secured bail in the cases. However, the Investigation Officer of the cases placed prayers to the court to send them on remand. Upon hearing on the petitions, the court passed the order.
On February 23, Shahzreh Huq, younger daughter of the late chairman of the group, filed three cases with the Police Station on charges of money embezzlement, property grabbing and illegal transfer of company shares by the accused officials and others.
Meanwhile, Shahzreh Huq also has sued her elder sister Simeen Rahman, who is the current Transcom Group CEO, mother Shahnaz Rahman, the current Chairman of the group, Simeen Rahman's son and Transcom's head of transformation Zaraif Ayaat Hossain.
In the cases an allegation over a dispute regarding properties and company shares worth more than Tk 100 billion has been brought.
According to the case documents, Simeen and her accomplices tried to illegally acquire around Tk 100 billion worth of property of her father Latifur Rahman through fabricated deeds of settlements.
In the cases, Shahzreh alleged that Latifur Rahman had left Tk 1.0 billion in FDRs across multiple banks upon his death. She accuses her mother Shahnaz and sister Simeen of unevenly distributing the FDRs. The rest are accused of aiding to embezzle the funds.
The case document also says that the plaintiff was informed that she received 4,270 shares, her brother Arshad Waliur Rahman received 4,270 shares, and her sister Simeen got 14,160 shares.
However, the plaintiff claims she never signed the transfer deed and nor did her father. Shahzreh further alleged that the accused fabricated these documents.
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