Evaly founder Rassel’s car auctioned at Tk1.81cr

TBS Report

10 February, 2022, 03:25 pm

Last modified: 10 February, 2022, 09:21 pm

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Seven autos that Evaly top-brass used to ride were auctioned at around Tk3 crore on Thursday including the company CEO Mohammad Rassel’s Range Rover at around Tk1.81 crore.     

The money will be deposited to the account of the e-commerce company – which will still owe the customers and merchants at least Tk543 crore.

“Money obtained from the auction will be spent for clearing the liabilities. But it is not possible to refund anyone right now,” AHM Shamsuddin Chowdhury Manik, a retired judge and now the chairman of court nominated Evaly board, told a press briefing after the auction in Dhaka’s Dhanmondi.

The expensive auto of the CEO and the deposit-liability gap of Evaly symbolises a few things: how the CEO splashed out hard-earned money of the customers, the company’s false “Believe in You” promise and the remnants of a Ponzi scheme built on treachery and lies.    

“There are too many disgruntled customers to whom the e-commerce firm owes money. From the very beginning, we are trying to solidify the capital base,” he added.

Photo: TBS

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Earlier on 13 January, the board asked the users to return the vehicles registered under Evaly…

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