Unipay2U founder, 42 others face arrest warrant
CHITTAGONG: A Chittagong court Monday issued arrest warrant against the founder and owner of Unipay2U, Magandam Gyam Gyam James, and 42 other officials in a cheating case filed against them.
Chittagong Metropolitan Magistrate Mahabubur Rahman issued the arrest warrant.
Regarding the arrest warrant against foreign national, senior lawyer Advocate Rana Dasgupta said, “The court can bring the foreign citizen under trial as the incident took place in Bangladesh.”
The court has ordered police to produce him before it. Meanwhile, the authority concerned was directed to take the help of Interpol, if needed”
On December 16, 2012, an investor named Ashraf Siddique filed the case against the 43 accused with Mohammadpur Thana.
Taking the case into cognizance, the court directed Panchlaish Thana police to arrest all the accused and produce them before the court by July 26.
It was said in the case statement, the defendants embezzled Tk 6.23 crore by enticing the clients that the company must payback the money with double interest within 10 months.
The government stopped the functions of Unipay2U in 2010 alleging cheating with its investors.
On January 28 in 2011, Bangladesh Bank seized at least 200 bank accounts of the agents of Unipay2U, allegedly for suspicious money transactions.
BDST: 2005 HRS, JUN 04, 2012
Edited by: Tilka Binte Mehtab, Newsroom Editor / Maria Salam, Asst Output Editor / M. Mahbub Alam, Asst Output Editor