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... Source: Npros

Unipay2U Chairman and Managing Director Sued

Posted 6/14/2012

Arrest Warrants Issued for 42 UniPay2U Officials

A court in Bangladesh has ordered the arrest of 42 officials of Unipay2U by July 26 on charges of misappropriating funds, including the company's founder and owner, Magandam Gam Gam James. The arrest warrants were ordered after six plaintiffs filed cases against UniPay2U, alleging that its execut... Source: Npros

Arrest Warrants Issued for 42 UniPay2U Officials

Posted 6/5/2012

Another Unipay2U Director Arrested

May 28, 2012 -- Unipay2U director Khondoker Mukit Al Mahmud was arrested in Bangladesh today and charged with defrauding investors. Mukit claimed innocence, saying that he joined Unipay2U seven months after the government froze the company's bank accounts. The company was ordered to suspend operatio... Source: Npros

Another Unipay2U Director Arrested

Posted 5/28/2012

Unipay2u Execs Arrested

The managing director and general manager of Unipay2u have been arrested on charges of cheating and embezzlement in Dhaka. Muntasir Hossain Emon and Jamshedur Rahman of Unipay2u Bangladesh were remanded into custody on Sunday for their roles in Unipay2u. According to reports, on several occasions... Source: Npros

Unipay2u Execs Arrested

Posted 5/6/2012