Unipay2U bank accounts to remain frozen

Posted by BankInfo on Mon, Feb 07 2011 07:29 am

The High Court has turned down the petition challenging a court order asking for the closure of 110 bank accounts of Chittagong-based multi-level marketing company Unipay2u. The bench of justices A H M Shamsuddin Chowdhury and Sheikh Mohammad Zakir Hossain on Sunday gave the order following the petition filed by the organisation’s managing director Mohammad Muntasir Hossain and director Shahiduzzaman.
Rokon Uddin Mahmud and Shah Manjurul Haque argued for the petitioners, while Anisul Haque and Abdul Aziz Khan for the plaintiff, the Anti-corruption Commission.
A Dhaka court on July 6 last year ordered the closure of 110 bank accounts of Unipay2U.
The High Court on Aug 26 last year stayed the lower court order following the petition.
The High Court’s Sunday order, however, upheld the previous court order.
It was said last month that the multi-level marketing company Unipay2U was creating image crisis for the government through disseminating false information. On Jan 16, a government circular said legal action would be taken against the organisation.

News: The Independent/ Bangladesh/ Feb-07-2011

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