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 operations in January last year after hundreds of investors accused the company of fraud and demanded their money back.

Mukit is the third Unipay2U director to be arrested since the beginning of May.

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