Beleaguered Bangladesh e-commerce entity Evaly, which is in news amidst widespread allegations of fraud and embezzlement, may not get Taka 10 billion from Jamuna Group (which it planned to invest in Evaly), after the business conglomerate (Jamuna Group) flagged risks and decided against investing in Evaly.
Media reports maintained this citing the Director of Marketing, Sales and Operations of Jamuna Group in this regard.
In a Facebook post recently, the Director of Marketing, Sales and Operations of Jamuna Group Mohammad Alamgir, reportedly, underlined that his company has decided not to invest there following an analysis of their debt, business, sales and marketing strategy even as he, reportedly, added that Jamuna Group has the sole authority to decide on whether to invest in another company or not.
It may be mentioned here that since its inception in 2018, Evaly has, reportedly, faced a debt of Taka 5.43 billion to its suppliers and customers even as the Ministry of Commerce and Bangladesh’s central bank, Bangladesh Bank, have recently opened a probe related to fund embezzlement against Evaly.
Bharat Tex Special Report 2026 
