A Dhaka court yesterday issued arrest warrants against the chairman and nine officials of Unipay2u Bangladesh for misappropriating Tk 46.34 lakh from an investor of the company.

Metropolitan Magistrate Keshab Roy Chowdhury passed the order after Jahanara Masud, a resident of Dhaka, filed the case against the top officials of the multi-level marketing (MLM) company.

The accused are Chairman Shahiduzzaman alias Shahin, Vice Chairman Masudur Rahamn Masud, General Manager Jamshedul Alam, Managing Director Muntasir Hossain Emon, Director (Finance) MATaher, Director (Admin) MA Mukim, Director (Marketing) Shakhawat Hossain, Director Monjur Ahsan Mintu, Director Khandakar Muhith Al Mahmud and ChiefAgentMinhazurRahaman.

The court also directed the officer-in-charge of Shahbagh Police Station to submit reports on the execution of the arrest warrants within July 19.

In her complaint, Jahanara said on October 17, 2010 she agreed to invest in the company under the condition that the company would pay a large interest if she deposits instalments ofTk2,12,100.

Allured by the business opportunity, Jahanara, her husband, and three daughters invested a total ofTk 46,34,385 in instalments from 2010 to February 2012, she said.

After completing the payments, Jahanara visited the company office at the capital's Motaleb Plaza on March 18 and did not find anybody there.

Later, she filed the case as she could not find any trace of the company and its officials.

On May 6, the managing director and the general manager of the company were remanded in custody hours after their arrest on charges ofswindlingpeople.

Meanwhile a Chittagong court also issued arrest warrants against the MLM Company's 40 officials including its Chairman Sahiduzzaman Sahin, and Managing Director (MD) Muntasir Hossain yesterday on charge of misappropri-atingmoney, reports our Chittagong correspondent.

The Court of Metropolitan Magistrate Mahbubur Rahman passed the orderas sixplaintiffs lodged six cases with the court accusing the officials. The court ordered Panchlaish Police Stationto arrestthe accused within July 24.

The court sources said, the plaintiffs complained that the accused officials embezzled around Tk 25.47 crore from them giving them ass urancetopaydouble money within tenmonths.

The government suspended operations of the MLM firm in January last year after hundreds of investors took to the streets in Dhaka and elsewhere in the country demanding their money back.

In the same month, the Anti-Corruption Commission filed a case accusing the company officials of making money