Dhaka, April 6 -- A Dhaka court has sentenced Mohammad Rassel, the CEO of e-commerce platform Evaly, and his wife Shamima Nasreen, the company's chairman, to three years in prison for criminal breach of trust and fraud.

Dhaka Metropolitan Magistrate Md Minhazur Rahman delivered the verdict on Sunday.

He also fined each of them Tk 5,000. They will have to serve an additional six months in jail if they fail to pay the fine.

Plaintiff's lawyer Sakibul Islam said, "The accused are currently absconding. Alongside the sentencing, the court has issued an arrest warrant on them."

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