6 officials get 12 years jail for money laundering

A Dhaka court on Wednesday sentenced six people, including chairman and managing director of multilevel marketing (MLM) company Unipay2u, to 12 years rigorous imprisonment in a money laundering case, reports UNB.

The six convicts are chairman Md Shahiduzzaman Shahin, managing director Mohammad Muntasir Hossain, executive director Masudur Rahman, advisor Monjurul Ehsan Chowdhury, general manager AM Jamshed Rahman, and director HM Arshad Ullah.

Among them, Shahiduzzaman Shahin, Masudur Rahman and Monjurul Ehsan Chowdhury remained absconding.

The court also fined them Tk 27b each.

On 25 January 2011, the then assistant director Md Towfiqul of the Anti-Corruption Commission filed the case with Shahbag police station against the officials of Unipay2u, a so-called multilevel marketing company, for laundering Tk 42b from different banks.

Police framed charges against them on 22 June 2011 and they were indicted in the case on 6 July 2015.

After examining all the records and 23 witnesses among 27, judge Abu Syed Dilzar Hossain of special judge court-3 handed down the verdict.