DHAKA, March 30, 2026 (BSS) - The Criminal Investigation Department (CID) has filed a money laundering case against E-Valley.com Limited owner Md. Russell and his wife Shamima Nasrin on charges of embezzling over Taka 310 crore from customers and merchants through fraudulent e-commerce activities.

The case was filed under the Money Laundering Prevention Act, 2012 (Amendment in 2015) with Kafrul Police Station in Dhaka on March 29, 2026. 

Special Police Super of CID (media and public relations) Jasim Uddin Khan confirmed the filing of the case. 
 
The accused allegedly collected money from customers by promising to deliver products through their online platform but failed to do so within the stipulated time.

Investigators revealed that the couple, along with unidentified associates, operated E-Valley.com Limited from East Kazipara in Mirpur and later from Dhanmondi. 

Between December 2018 and December 2021, they took advance payments for various products but did not deliver them as promised.

The probe also found that the accused purchased large quantities of goods from different merchants but did not pay for them, further expanding the scale of the fraud. 

The embezzled funds were reportedly used to acquire luxury vehicles, purchase assets, and finance foreign travel.

Despite repeatedly assuring customers of revised delivery dates, the company ultimately failed to fulfill its commitments, leaving thousands of customers and merchants defrauded.

The CID officials said preliminary investigations have confirmed the allegations, prompting the filing of the case. 

Efforts are ongoing to trace the laundered funds and identify other individuals involved in the scheme.

The investigation continues as authorities work to recover the embezzled money and bring all responsible parties to justice.