DOT Desk: The High Court (HC) has ordered the inclusion of Shamima Nasreen, her mother and brother-in-law on the new board of directors of controversial e-commerce platform Evaly, reports
The HC bench of Justice Muhammad Khurshid Alam Sarkar passed the order late last month.
The court-appointed five-member board of directors, led by former Justice HM Shamsuddin Chowdhury Manik, submitted their resignation to the court on Thursday.It was on 10 August that the former Evaly chairman 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, the former chairman 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 e-cab.
Shamima Nasreen and her other two family members will be inducted as members of Evaly’s management board at the meeting on 22 September.
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 to attract huge customers, taking advances from them and delivering products months later.