A Dhaka court has rejected the remand and bail cancellation application for four Transcom Group officials including Chief Executive Officer (CEO) Simeen Rahman in two separate cases of fraud and money embezzlement, Daily Sun reported.

With the court order, the present bail period of the four would continue.

The other accused are the conglomerate’s Head of Transformation Jaref Ayat Hossain, Legal Advisor Fakhruzzaman Bhuiyan and Director of Corporate Finance Md Kamrul Hasan.

On Wednesday, in the presence of the four accused, the investigation officers of the two cases applied for 10-day remand for each of them. At that time, the lawyers of the accused filed a bail request to cancel the remand.

Shah Alam, sub-inspector of general registration wing of Gulshan police station, confirmed this.

On 22 February, Shahzreh Huq, the daughter of late Latifur Rahman, the founder of Transcom Group, filed three separate cases with the Gulshan Police Station.

In the case, Transcom Group bigwigs, including Shahzreh Huq’ mother Shahnaz Rahman and her own elder sister Simeen Rahman, have been accused of embezzling about Tk 100 crore, attempts to dispossess ancestral property and illegal transfer of company shares.

bd-pratidin/GR