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Destiny Group
Destiny group was a Bangladeshi multilevel marketing company that operated as a pyramid scheme. History Destiny started out as a multilevel marketing company. It grew to own a newspaper and television channel. It advertised heavily and was one of the major sponsors of Bangladesh's 40th independence celebration. It sold 50 million trees in its plantation business that did not exist, with investors being shown pictures of trees in Sundarban forest. The trees were sold to 1.7 million investors but according to an anti-corruption commission only 5.3 percent of those trees existed. In 2014, Destiny distributors were trying to get a new license for their multilevel marketing activities. Investigations Reports of irregularities in the company prompted the Anti-Corruption Commission and other government agencies to launch investigations of the company. The ACC investigation has found 722 bank accounts in a number of banks under the name of 37 companies of Destiny Group. Bangladesh Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalization, nationalised concer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Dhaka Stock Exchange
The Dhaka Stock Exchange (DSE) ( ''Dhaka stôk ekschenj''), located in Nikunja, Dhaka, is one of the two stock exchanges of Bangladesh, the other being the Chittagong Stock Exchange. In January 2023, DSE and Nasdaq announced their partnership with trading technology. History It was first incorporated as East Pakistan Stock Exchange Association Ltd on 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd on 23 June 1962. It was again renamed as Dacca Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list o ... Stock Exchange Ltd on 13 May 1964. After the Bangladesh Liberation War, liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, and DSE was started on 16 September 1986. The formula f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Dhaka
Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list of cities proper by population density, most densely populated cities in the world with a density of about 34,000 citizens per square kilometers within a total area of approximately 300 square kilometers. Dhaka is a megacity, and has a population of 10.2 million residents as of 2024, and a population of over 23.9 million residents in Greater Dhaka, Dhaka Metropolitan Area. It is widely considered to be the most densely populated built-up urban area in the world. Dhaka is an important cultural, economic, and scientific hub of Eastern South Asia, as well as a major list of largest cities in the Organisation of Islamic Cooperation member countries, Muslim-majority city. Dhaka ranks list of cities by GDP, third in South Asia and 39th in the worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
M Harun-Ar-Rashid
M Harun-Ar-Rashid (born 15 February 1948) is a retired Bangladesh Army general who served as the Chief of Army Staff of the Bangladesh Army from 24 December 2000 to 16 June 2002. The Bangladesh government awarded him the title of Bir Pratik for his bravery in the war of independence. Military career Harun-Ar-Rashid was commissioned in infantry on 6 September 1970 from 24 War Course of PMA. In an interview, he said that 3 out of the top 4 cadets were Bengali and that he himself was 2nd in his batch. Given his choice of his unit, he chose the Engineer Corps. However, this infuriated his company commander, who wanted him to join the infantry corps and convinced him to choose the East Bengal Regiment instead. He was then commissioned to the 4th EBR in Comilla. Hailing from the infantry corps, he most notably served as Commander of the UN peacekeeping force in Georgia. He was known to have an academic bent of mind, having often been involved in teaching. He taught at the School ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Multilevel Marketing
Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. In multi-level marketing, the compensation plan usually pays out to participants from two potential revenue streams. The first is based on a sales commission from directly selling the product or service; the second is paid out from commissions based upon the wholesale purchases made by other sellers whom the participant has recruited to also sell product. In the organizational hierarchy of MLM companies, recruited participants (as well as those whom the recruit recruits) are referred to as one's ''downline'' distributors. MLM salespeople are, therefore, expected to sell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Pyramid Scheme
A pyramid scheme is a business model which, rather than earning money (or providing Return on investment, returns on investments) by sale of legitimate product (business), products to an end consumer, mainly earns money by recruiting new members with the promise of payments (or services). As the number of members multiplies, recruiting quickly becomes increasingly difficult until it is impossible, and therefore most of the newer recruits do not make a profit. As such, pyramid schemes are unsustainable. The unsustainable nature of pyramid schemes has led to most countries outlawing them as a form of fraud. Pyramid schemes have existed since at least the mid-to-late 19th century in different guises. Some multi-level marketing plans have been classified as pyramid schemes. Concept and basic models In a pyramid scheme, an organization compels individuals who wish to join to make a payment. In exchange, the organization promises its new members a share of the money taken from every ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Multilevel Marketing
Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. In multi-level marketing, the compensation plan usually pays out to participants from two potential revenue streams. The first is based on a sales commission from directly selling the product or service; the second is paid out from commissions based upon the wholesale purchases made by other sellers whom the participant has recruited to also sell product. In the organizational hierarchy of MLM companies, recruited participants (as well as those whom the recruit recruits) are referred to as one's ''downline'' distributors. MLM salespeople are, therefore, expected to sell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Sundarban
Sundarbans (; pronounced ) is a mangrove forest area in the Ganges Delta formed by the confluence of the Ganges, Brahmaputra and Meghna Rivers in the Bay of Bengal. It spans the area from the Hooghly River in India's state of West Bengal to the Baleswar River in Bangladesh's Khulna Division. It comprises closed and open mangrove forests, land used for agricultural purpose, mudflats and barren land, and is intersected by multiple tidal streams and channels. Spread across , it is the world's largest mangrove forest. The islands are also of great economic importance as a storm barrier, shore stabiliser, nutrient and sediment trap, a source of timber and natural resources, and support a wide variety of aquatic, benthic and terrestrial organisms. They are an excellent example of the ecological processes of monsoon rain flooding, delta formation, tidal influence and plant colonisation. Covering 133,010 ha, the area is estimated to comprise about 55% forest land and 45% wetlands in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Anti-Corruption Commission (Bangladesh)
The Anti Corruption Commission (; ''often abbreviated:'' ACC, ) is the principal Government of Bangladesh, government agency against corruption in Bangladesh. History The Anti-Corruption Commission was formed through an act promulgated on 23 February 2004 that came into force on 9 May 2004. Although initially, it could not make the desired impact, immediately following its reconstitution in February 2007, the ACC began working with renewed vigor and impetus duly acceding to the United Nations Convention against corruption that was adopted by the General Assembly away back on 31 October 2003. Its framework and function are governed by Anti-Corruption Commission Act, 2004. In 2009, Ghulam Rahman was appointed chairman of the commission, replacing Hasan Mashhud Chowdhury. Anti Corruption Commission was formed through an act in 2004, but is considered to be largely ineffective in investigating and preventing corruption because of governmental involvement and influence over it. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Bangladeshi Taka
The taka (, , currency sign, sign: , ISO 4217, code: BDT, Short form (linguistics), short form: Tk) is the currency of Bangladesh. In Unicode, it is encoded at . Issuance of banknotes 10 and larger is controlled by Bangladesh Bank, while the 2 and 5 govt. notes are the responsibility of the Ministry of Finance (Bangladesh), ministry of finance. The govt. notes of Tk. 2 and Tk.5 have mostly been replaced by coins while lower denomination coins (including all poysha coins) up to Tk. 1 have almost gone out of circulation due to inflation. The most commonly used symbol for the taka is "" and "Tk", used on receipts while purchasing goods and services. It is divided into 100 paisa, poysha, but poysha coins are no longer in circulation. The poysha is still used for accounting purposes (e.g., Tk 123,456.78 for 123,456 taka and 78 poysha). On 8 May 2024, the central bank placed the taka in a crawling peg to the US dollar, with a rate of 117 takas per US dollar. Etymology Accordi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Mass Media Companies Of Bangladesh
Mass is an intrinsic property of a body. It was traditionally believed to be related to the quantity of matter in a body, until the discovery of the atom and particle physics. It was found that different atoms and different elementary particles, theoretically with the same amount of matter, have nonetheless different masses. Mass in modern physics has multiple definitions which are conceptually distinct, but physically equivalent. Mass can be experimentally defined as a measure of the body's inertia, meaning the resistance to acceleration (change of velocity) when a net force is applied. The object's mass also determines the strength of its gravitational attraction to other bodies. The SI base unit of mass is the kilogram (kg). In physics, mass is not the same as weight, even though mass is often determined by measuring the object's weight using a spring scale, rather than balance scale comparing it directly with known masses. An object on the Moon would weigh less than it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Companies Based In Dhaka
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
