A Dhaka court cancelled the bail of 5 Transcom officials for not submitting their passports as per the bail conditions.
At the same time, an arrest warrant has been issued against them.
On Tuesday (February 27), the lawyer of the 5 officials confirmed the cancellation of bail.
Jamirul, the advocate of those 5 officials, said that “On February 25, we went to the court to submit the passports. But due to a little delay, the court did not submit the passport. The bail of the accused was cancelled.”
Earlier on February 23, those five officials of Transcom Group were granted bail in the case of money embezzlement, possession of property and illegal transfer of shares.
The five officers of Transcom Group 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).
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 own account after her father's death.
Shahzreh also claimed that her mother transferred the ownership of 18percent 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 filled the positions of Chairman, Managing Director and Group CEO.
Shahzreh claimed she never had any Deed of Settlement with any of her family members.
