A new board of directors will take charge of the controversial e-commerce platform Evaly on Thursday.
The move comes following a High Court (HC) order passed by the bench of Justice Muhammad Khurshid Alam Sarkar late last month.
The court-appointed board of directors, a five-member team led by former Justice HM Shamsuddin Chowdhury Manik, submitted their resignations to the court on Thursday.
Former Evaly chairman Shamima Nasreen, her mother and brother-in-law will be inducted as members of Evaly’s management board tomorrow (22 September).
It was on 10 August that Shamima appealed to the court-appointed board for restarting the infamous platform’s operations.
She had asked to include herself, her mother and her sister’s husband on the board of directors in the application.
Also, out of the 50% shares of the company, Shamima had already transferred 20% shares in the name of her mother and relative, the application further added.
As per the instructions of the HC, the new board of directors has been asked to appoint an official from the commerce ministry as an independent director for Evaly.
The ministry official cannot hold any position lower than that of a joint secretary. The new board will also have a representative from the e-Commerce Association of Bangladesh (e-CAB).
Launched on 16 December 2018, Evaly pretended to be driven by dreams to build an Amazon or Alibaba of Bangladesh, grew too big riding on a dangerous business model and offering abnormal discounts…
