The Daily Prothom Alo is a major daily newspaper in Bangladesh, published from Dhaka in the Bengali language. Based on circulation, Prothom Alo is the largest newspaper in Bangladesh
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There are all news title of Bangla newspapers in here. This page is being updated every moment. Every moment new titles of Bangla newspapers are coming in front of you. Some of the notable Bengali newspapers are Nayadiganta, Prothom Alo, Ittafaq, Jugantar and Bangladesh pratidin etc. The Daily Prothom Alo is a major daily newspaper in Bangladesh, published from Dhaka in the Bengali language. Based on circulation, Prothom Alo is the largest newspaper in Bangladesh
All MLM business is invalid in Bangladesh
All multi-level marketing (MLM) companies are now illegal in the country. There is not a single MLM company licensed by the government. Anyone doing business in MLM system will be legally punishable. And if ordinary people get involved in this business, they will definitely cheat and will not get any remedy.
Sources in the Ministry of Commerce, the Office of the Registrar of Joint Capital Companies and Firms (Rejesco) and unlicensed companies said in a statement.
When contacted, Commerce Secretary Hedayatullah Al Mamun told Prothom Alo on Thursday, “There are no licensed MLM companies in the country at the moment. Anyone doing business in this manner without a license will be punishable by law. And if a person does business with companies knowing that they don’t have a license, they are also responsible for it. ‘
Although it has been going on for almost a decade and a half, there was no law in the country to do business in MLM system. But with the registration from Rejesco, more than a hundred MLM companies were formed in the country. The government first took cognizance of the issue in 2012 after the Destiny Group was caught in a trap of irregularities, corruption and fraud.
For over a decade (2000-2012), Destiny has raised over Rs 5,000 crore from the MLM business. Various agencies including Bangladesh Bank have investigated the matter. According to almost all the reports, out of the five thousand crore rupees collected from the customers, the officials of Destiny have embezzled about four thousand crore rupees. They have built houses and cars in their own name in the sense of customers. They are also accused of smuggling hundreds of crores of rupees.