People, who invested money in the UniPay2U, a multilevel marketing company, can seek their money back from the state as court confiscated investors鈥� money in favour of the state exchequer, a recent Appellate Division verdict said.
The Appellate Division in its full verdict said on Wednesday that the investors would need to apply to the High Court Division where appeals of the company鈥檚 six convicted directors were pending.
On January 23, 2019, the Court of Special Judge 3 in Dhaka sentenced six officials of Unipay2u Bangladesh Limited, including its chairman and manager, to 12 years鈥� rigorous imprisonment each in a case filed for laundering about Tk 1,351 crore through a multi-level marketing sham.
The court also confiscated Tk 420 crore seized from the convicts鈥� accounts and all properties of Unipay2u in favour of the state.
In the instant case they [investors] may move to the High Court Division for their claim as the accounts of debtors are confiscated, and if so advised and if such an application is filed, the High Court Division has got the authority to deal with the matter in accordance with law, said the Appellate Division.聽聽聽
The apex court directed the Anti-Corruption Commission to publish notice in the daily newspaper confiscating the property in 30 days from receiving the judgment.
It said that the claimants are at liberty to approach the High Court Division for their respective claims if so advised.
The Appellate Division further said that if anyone had claims or interest in the money or property attached or frozen or confiscated by the court concerned, they can move to a competent court for redress.
Earlier on May 5, the Appellate Division in a short verdict disposed of an appeal filed by the Anti-Corruption Commission against the High Court鈥� verdict that asked the Brac to disburse Tk 65.65 crore, a part of confiscated money to the five claimants鈥� in favour of five Unipay2u investors鈥擬izanur Rahman, Kazi Mohammad Nazrul Islam, M Foyez Ullah, M Shahidul Islam and M Mostafa Bhuiyan.
On January 25, 2011, Taufiqul Islam, an assistant director of the Anti-Corruption Commission, filed a case with the Shahbagh police station against the officials of Unipay2u, for amassing wealth by cheating people.
The ACC in the case alleged that the accused lured people into investing in gold, promising higher profit against the purchase.
ACC lawyer Khurshid Alam Khan told 抖阴精品 that the Appellate Division鈥檚 verdict paved the way for the investors of Destiny-2000 and other multi-level marketing companies to get their money back.聽聽聽聽
On May 12, 2022, a Dhaka court sentenced 46 officials of Destiny-2000 Limited in varying terms of jail for money laundering and embezzling their clients鈥� money.
The court also confiscated assets of the convicts in favour of the state and asked the government to form a committee to ensure that this money is given back to the investors and shareholders.