Unipay2U Chairman and Managing Director Sued

June 14, 2012 – The chairman, managing director and three other executives of Unipay2U were sued in Bangladesh on Thursday for embezzlement. The plaintiff in the case alleged that the defendants embezzled his money with the promise of repaying it with double interest within a year.

Several fraud cases have been filed against Unipay2U officials after the media reported its illegal financial dealings, and the company's chairman, managing director and general manager are currently in jail.

Unipay2U allegedly made bank transactions without fulfilling some prerequisites and did not have a security deposit with Bangladesh's central bank, which is required for ensuring investors' interest.

 

More Unipay2U News and Articles

• Unipay2U Chairman and Managing Director Sued
• Arrest Warrants Issued for 42 UniPay2U Officials
• Another Unipay2U Director Arrested
• Unipay2u Execs Arrested

 

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