Transcom’s Shahnaz, Simeen secure bail in court after arrest warrant

Shahzreh Huq, younger daughter of Transcom Group founder Latifur Rahman, filed the case with Gulshan police on Feb 22, 2024

A court has granted bail to Transcom Group Chairperson Shahnaz Rahman and Chief Executive Officer (CEO) Simeen Rahman in a case over the embezzlement of the group’s shares.

Earlier, arrest warrants were issued against the two, along with another accused.

On Wednesday, Shahnaz Rahman and Simeen Rahman surrendered before Metropolitan Magistrate Jewel Rana’s court and sought bail.

After a. hearing, the court granted their bail petitions, Prosecution Department Sub-Inspector Muktar Hossain said.

[Updates to follow]