Police claimed to have continued their efforts to nab the accused in three cases filed for fraudulent acts, cheating, and embezzlement of money and depriving each other related to Transcom Group, one of the major corporate groups in the country.
PBI Inspector Kamal Hossain, the Investigation Officer (IO) of one of the cases, told Bangladesh Post “We are conducting operations to nab the accused in the cases. Besides, we are also informing (through letters) all immigration points in the country about the matter.”
The accused in the three cases filed by Latifur’s daughter Shazreh Huq also include her sister Simeen Rahman, mother Shahnaz Rahman and Simeen’s son Zaraif Ayaat Hossain.
Shazreh is the director of the firm, while Simeen is the CEO, Shahnaz is the chairman and Zaraif is the head of transformation.
Kamal Hossain said, “We have confirmed that the three main accused of those cases are not in the country. They were out of the country before filing of the cases.”
Earlier, Police Bureau of Investigation Chief Additional IGP Banaj Kumar Majumder said, “The cases have been filed. Action as per law will be taken. It does not matter who the accused is or what is the identity of the accused. What the law says will be done.”
Sources said that Simeen Rahman’s mobile number has been switched off since 7:00 pm on February 20 and the mobile phone of Transcom Group Chairman Shahnaz Rahman has been switched off since 5:30 pm on February 22.
A daughter of late Transcom chairman Latifur Rahman filed three separate cases against her mother, elder sister and six others on
Thursday. Police also arrested five of the officials in connection with the cases.
The officials are Md Fakhruzzaman Bhuiyan, serving as the executive director for Corporate Affairs and Law at the Transcom Group; Kamrul Hasan and Abdullah Al Mamun, both directors in Corporate Finance; Mohammed Mosaddeq, the assistant company secretary, and Abu Yusuf Md Siddik, a manager (company secretary).
Those detained officials, however, were released on bail later.
The bail was given on a condition to submit their passports to the court. But on Sunday (February 25) they did not submit their passports to the court. Because of this, the court cancelled their bail and issued warrants for their arrest.
According to police, the youngest daughter of Bangladesh’s Transcom Group Chairman Latifur Rahman, Shahzreh Huq has filed three separate cases accusing eight Transcom officials, including her mother and elder sister, with Gulshan police station in the capital on Wednesday.
Shahzreh's elder sister, Simeen Rahman is the current Transcom CEO while her mother Shahnaz Rahman is the current chairman of the group. The mother was named in two cases.
According to police, one of the cases has been filed for misappropriation of money. In the case statement, Shahzreh mentioned that her father had around Tk100 crore as fixed deposit receipts (FDRs) in different banks. Her mother, Shahnaz Rahman, was the nominee for the money.
Shahzreh has alleged that the money was supposed to be distributed among the heirs (warish) according to the Muslim Sharia Law after Latifur passed away on July 1, 2020.
In the case statement, Shahzreh claimed that her mother Shahnaz transferred all the money to her account after her father's death.
Shahzreh also claimed that her mother transferred the ownership of 18 per cent of shares of Transcom Electronics to herself on August 33, 2020 by showing that she bought them for Tk60-100 crore.
She claimed that her sister and mother in a nexus did it together and, by doing so, had deprived the other two heirs of Latifur of their rights.
In another case, Shahzreh alleged that her elder sister, with the help of four officials of Transcom group, illegally took ownership of most of the Transcom shares after her father's death by creating three form 117 (instrument of transfer of shares) and submitting them to Registrar of Joint Stock Companies And Firms (RJSC).
The case statement reads: the plaintiff was informed that she received 4,270 shares, her brother Arshad Waliur Rahman received 4,270 shares and her elder sister Simeen got 14,160 shares.
However, the plaintiff claimed she never signed the transfer deed (form 117) nor did her father do it.
Shahzreh Huq also alleged that the accused fabricated these documents.
In the third case, Shahzreh claimed her mother and elder sister, with the help of three other officials of Transcom, made a Deed of Settlement by forging the signatures of her and her brother Arshad Waliur Rahman.
She claimed the Deed of Settlement was later used by her mother Shahnaz and elder sister Simeen to take ownership of Transcom shares and fill the positions of Chairman, Managing Director and Group CEO.
Shahzreh claimed she never had any Deed of Settlement with any of her family members.
