Evaly Embezzlement: CID Files Money Laundering Case Against Owner and Wife

The Criminal Investigation Department (CID) has filed a case under the Money Laundering Prevention Act against Md. Russell (43), owner of E-valy.com Limited, and his wife Shamima Nasrin (40), on charges of taking money from customers in the name of selling products online and failing to deliver the products within the stipulated time.

The CID Media Division confirmed the matter on Monday, 30 March.

According to the preliminary investigation, Md. Russell, Shamima Nasrin, and their unidentified associates, in collusion with one another, operated an e-commerce company named E-valy.com Limited in the East Kazipara area of Mirpur under Kafrul Police Station in Dhaka. The company accepted online orders from numerous customers for product sales at different times from 16 December 2018 to 31 December 2021.

However, instead of delivering the products within the stipulated time, they collected a large amount of money by making various promises to customers. At the same time, allegations have been raised that they embezzled funds by purchasing goods from various merchant institutions without making payments.

The investigation further revealed that the embezzled money was spent on personal luxuries, including the purchase of luxury cars, acquisition of assets, and foreign travel. Although customers were repeatedly assured with new delivery dates, the products were ultimately not delivered, which clearly indicates fraud.

The CID’s preliminary findings show that thousands of customers and merchants have been affected by these activities.

In this connection, Case No. 11 was filed on 29 March 2026 at Kafrul Police Station under Dhaka Metropolitan Police (DMP). The case has been lodged under Sections 4(2) and 4(4) of the Money Laundering Prevention Act, 2012 (Amended 2015).

The CID stated that investigation activities are ongoing to recover the embezzled money and identify other associates involved.

DBTech/SA/EK/OR