Home Scam/Fraud Dhamaka MD moved Tk84cr to personal account

Dhamaka MD moved Tk84cr to personal account

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Dhamaka owes Tk303cr to customers, Tk167cr to merchants

02 January, 2022, 10:00 pm

Last modified: 02 January, 2022, 10:05 pm

Logo of Dhamaka Shopping. Picture: Collected

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Logo of Dhamaka Shopping. Picture: Collected

The Bangladesh Bank has found that SMD Jasim Uddin Chishti, managing director of the controversial e-commerce platform Dhamaka Shopping, has moved Tk84 crore from customer advance payments to his own personal bank account.

A recent inspection by the central bank also revealed that Chishti lent Tk25 crore to other companies he owns and embezzled another Tk20 crore in the name of buying software.

The company, which has suspended operations, collected Tk736 crore from customers and paid only Tk557 crore to companies that sold products on its platform.

However,…

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