Simeen Rahman, chief executive officer of Transcom Group, along with five others, has been acquitted in one of two cases filed by her sister. In the other case, a Dhaka court has granted them bail.

The acquittal followed the court’s acceptance of the final investigation report in a case that accused Simeen Rahman and others of fraud through forged signatures. Dhaka Additional Chief Metropolitan Magistrate Md Sefatullah passed the order on Wednesday after a hearing.

Those acquitted alongside Simeen Rahman are her mother and Transcom Group chairperson Shahnaz Rahman, her son Zaraif Ayat Hossain, and Transcom Group directors Md Kamrul Hassan and Md Fokhruzzaman Bhuiyan.

The case was filed on 22 February 2024 with Gulshan Police Station by Simeen Rahman’s sister, Shahzreh Huq. After completing the investigation, Police Bureau of Investigation (PBI) Inspector Md Tarequl Islam submitted the final report to the court.

According to the report, Simeen Rahman is the biological sister of the complainant, while Shahnaz Rahman is their mother. The complainant alleged that, due to a family dispute, forged signatures including her own, as well as those of her father Latifur Rahman, her brother, and her sons, were used in a deed of settlement.

Investigators found that during his lifetime, Latifur Rahman had executed a deed of settlement concerning the distribution of his shares and the management of the company. Forensic examination by the Criminal Investigation Department (CID) confirmed that the signatures of Latifur Rahman, the complainant Shahzreh Huq, and her brother Arshad Waliur Rahman were genuine.

In the final report, the investigating officer noted that the deed of settlement was reviewed in detail and that forensic analysis proved the signatures to be authentic. As no evidence was found against the accused, their acquittal was recommended.

Simeen Rahman’s lawyer, Siddique Ullah Miah, said the complainant had already received all assets under the deed of settlement and had declared them in her income tax filings two years earlier. He alleged that the cases were filed later in an attempt to damage Simeen Rahman’s business reputation and harass the Transcom Group. He added that three such cases have now been proven false.

Bail in Another Case

In a separate case involving allegations of fraud related to the transfer of shares between sisters, Simeen Rahman and five others were granted bail.

The other individuals granted bail are Transcom Group chairperson Shahnaz Rahman and directors Md Kamrul Hassan, Md Mosaddeq, and Abu Yusuf Md Siddiq.

On Wednesday, the court accepted the charge sheet submitted by police against six accused, including Simeen Rahman. After accepting the charge sheet, Additional Chief Metropolitan Magistrate Md Sefatullah granted bail to Md Kamrul Hassan, Md Mosaddeq, and Abu Yusuf Md Siddiq. Later, Simeen Rahman and Shahnaz Rahman appeared before Magistrate Jewel Rana at the Dhaka Chief Metropolitan Magistrate Court and secured bail.

PBI Inspector Syed Sajedur Rahman submitted the charge sheet in this case on 11 January.

Out of a total of four cases filed against Simeen Rahman, final reports have now been submitted in three. By court order, she and the other accused have been acquitted in all three cases.