3 granted bail in Transcom group embezzlement case BSS

A Dhaka court has granted bail to three Transcom Group officials in two separate cases of embezzlement and illegal transfer of company shares.

Dhaka Additional Chief Metropolitan Magistrate Tofazzal Hossain on Tuesday accepted the bail plea from the trio- Transcom Company’s corporate finance director Abdullah Al Mamun, manager Abu Yusuf Md Siddique and assistant company secretary Mohammad Mosaddek, and granted the permanent bails on Tk 5,000 bonds, each.

On April 21, Dhaka Metropolitan Magistrate Md Rashidul Alam's placed the trio on a three-day remand scrapping their bail applications.

According to the case, on February 22 this year, the founder of Transcom Group, late Latifur Rahman's daughter, Shahzreh Huq, filed three separate cases with Gulshan Police Station against them for allegedly embezzling Tk 100 crore, possessing property forcefully and illegal transfer of shares of the company.