Deedarul Huq Khan, CEO of BRAC EPL Investments, refused to comment on the notice. BRAC EPL sent another email on Feb 20, 2018, attaching the revised information memorandum of bdnews24.com with the valuation of $46 million. Based on the BRAC EPL valuation report, fund manager LR Global Bangladesh became interested to make investment in bdnews24.com and conducted negotiations and eventually made investments in bdnews24.com. The lawyer said BRAC EPL will face legal proceedings if it does not fulfil the demand within seven days from receiving the notice. Earlier, an NDA was signed with BRAC EPL on Apr 3, 2017 to start initial work.

Source: bd News24 August 10, 2020 16:41 UTC