Resumption of Qcoom business
Commerce ministry seeks legal support
FE REPORT | Wednesday, 20 April 2022
The Ministry of Commerce has sought necessary legal support from the law ministry and police for resumption of business activities of e-commerce platform Qcoom, in line with the online shopping site's request.
The ministry has also requested the authorities concerned to take necessary measures ensuring sufficient security for Qcoom Managing Director (MD) Md Ripon Mia, all directors and its employees, said officials.
On April 05, Qcoom's lawyer, on behalf of its MD, requested the commerce ministry to allow the e-commerce site to resume its business.
Following the request, the ministry on Sunday solicited support from the Law and Justice Division under the Ministry of Law, Justice and Parliamentary Affairs, and Bangladesh Police.
According to the Qcoom's letter, the e-commerce platform has sought cooperation from the government as well as adequate security to run its business smoothly and thus contribute to the country's economic development.
Over Tk 3.97 billion fund of the firm has remained stuck up with the payment gateway Foster Payments.
Besides, goods worth Tk 1.0 billion are currently in stock in two warehouses of Qcoom.
The products are getting spoiled in the warehouses, said the letter.
Earlier, the commerce ministry team visited Qcoom's two warehouses and found a large number of products lying stockpiled there.
Qcoom has already started reimbursing customers' funds that remained stuck with Foster Payments. The shopping portal refunded more than Tk 517 million to its affected clients.
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