Business Desk :
Jamuna Group has decided not to invest in controversial e-commerce platform Evaly.
Jamuna Group Director (Marketing, Sales and Operations) Mohammad Alamgir Alam confirmed it to The Business Standard on Tuesday.
“Jamuna Group was interested to invest initially after Evaly invited us. But after scrutinising their liabilities, business strategy, and sales and marketing policy, now we are withdrawing our decision on investing in the ecommerce platform,” he said in a Facebook post on Tuesday.
After Jamuna says no, Evaly CEO now wants foreign investments
Earlier on Monday, in an urgent public notice on his Facebook account, Alamgir Alam said, “Jamuna Group is not willing to risk its long-earned money, reputation, talent and capability by making a sensible decision to invest hundreds of crores of money in any business without thorough review and reconsideration.”
He further said that Jamuna Group emphasises on productive and constructive business policy in conducting business, which has been playing a significant role in direct and indirect employment and livelihood of millions of people in the long run along with massive development of industrial infrastructure.
The statement also said that Jamuna Group holds sole rights to decide on investing its money in any company. It’s not a question of currying favours.
In another Facebook post, Alamgir Alam mentioned order numbers of his 32 pending deliveries from Evaly.
“Even I am not getting my products from Evaly. How could we say something positive about Evaly before media? Now you can understand our decision regarding investing in the e-commerce platform,” he added.
On 26 August, Monika Nazneen Islam, group director of Jamuna Group, told The Business Standard, “Jamuna Group has not decided yet on investing in controversial e-commerce platform Evaly.”
“We signed a memorandum of understanding with Evaly earlier. We still have some times in hand to decide on the deal. Our audit and accounts departments are looking into Evaly’s financial statements and other related documents. We will issue an official statement on the matter after completing the audit,” she said.
