Jamuna Group has decided to cancel its plan to invest in controversial ecommerce platform Evaly, said a top official of Jamnua Group today.
"We became interested to invest in Evaly initially. But we have decided to withdraw ourselves from the plan to invest after an in-depth analysis and examination of Evaly's asset and liabilities, business, marketing and sales strategies," Mohammed Alamgir Alam, director for marketing, sales and operation of Jamuna Group, told The Daily Star over phone.
In a Facebook post, Alam said Jamuna Group does not want to put its reputation and finance at risk by taking any immature decision of investing hundreds of crores of taka without detail analysis.

"Jamuna Group has the sole right to decide on its investment. It is not a matter of accepting others request. Jamuna Group has not taken any liability of any company in the past and will not take any in future," he said in the post.
By the end of August, Jamuna Group said it had been conducting audit to determine the liabilities of Evaly.
Once the audit is completed, Jamuna Group will disclose its decision on investment and detailed working procedures before the media in due course, Alam said earlier.
Despite repeated attempts, Evaly's Managing Director Mohammad Rassel could not be reached over phone for comments.
Jamuna's disclosure comes after Evaly in its submission to commerce ministry said its liabilities were Tk 543 crore, including Tk 311 crore to more than 2 lakh customers and Tk 206 crore to merchants, as of July 15 this year.