Dhaka, March 7 -- A court has ordered the confiscation of assets belonging to Mohammad Rassel, founder of the e-commerce platform Evaly, and his wife Shamima Nasreen, its chairman, in a case involving charges of fraud and breach of trust.

Dhaka Metropolitan Magistrate Begum Farha Dibah Chhanda issued the order on Thursday in response to a petition by the plaintiff.

"After the court issued arrest warrants for the accused on Feb 15, we requested a proclamation and property attachment order. The court has granted this request," said Sakibul Islam, the lawyer representing the plaintiff.

Launched in 2018, Evaly gained prominence with its lucrative offers on home appliances, TV, refrigerators, air-conditioners, washing machines, motorcycles,...