Home ›› 02 Jun 2022 ›› Front
Super Home BD, which runs a chain of low-cost Super Hostels for bachelors around Dhaka city, is taking investment from general people without approval from proper authorities.
According to recent posts on their Facebook page, they are offering three ways — profit yearly, profit monthly and equated monthly instalment (EMI) — for people to invest in their company under a “Super Home Investment Plan.”
Anyone investing Tk 1-10 lakh or any amount of money under a fixed contract will get back 12 per cent profit in a year. If anyone invests Tk 10 lakh, they will get Tk 1.20 lakh from their profit at the end of the year, said a post shared on Monday.
The monthly profit rate is 11 per cent and the EMI profit rate is 10 per cent.
Super Home, owned by Chinese firm Neways International Company Ltd, will right away give depositors six post-dated cheques, including five on profits and the sixth for capital.
Investors will be able to withdraw their profits through cheques at the end of every year or month, depending on their investment contracts.
The company says 90 per cent of the investment it receives comes from foreign funds. They have created this in vestment plan for locals as a support scheme.
However, their move has drawn rebukes from the netizens, who are comparing them with several controversial companies including Destiny, UniPay2U and Ehsan Group which embezzled the money of their customers/investors.
Warning others against such collection of investment without the permission of the authorities, many have also called for the attention of Bangladesh Bank (BB) and law enforcement agencies.
Reached for comment, BB Executive Director and spokesperson Md Serajul Islam told The Business Post, “All types of banking activities including collecting investment are illegal without Bangladesh bank’s approval.”
“The central bank launches investigation if we receive complaints that someone is collecting deposits illegally. The probe can start based on media reports as well. But we are yet to receive any complaints against Super Home,” he said.
Maruf Mollik, creative and business development officer of Super Home, confirmed to The Business Post that they do not have the approval from the proper authorities yet. “But the process is underway.”
“We are receiving deposits from investors on formal stamp papers in line with their rules and regulations. However, there is no need to worry. This is a reputed international company,” he added.
Business insiders say this modern living facility for bachelors is unique in the country but such an illegal investment method is very risky. There is no guarantee that the company will not embezzle or launder the money it received from the investors.
Super Hostel officials say they currently have 14 branches across the capital city and their goal is to set up 100 branches.
Since 2017, Super Home hostels have been providing ready-made modern living facilities for bachelors in Dhaka city. The hostels currently offer various arrangement packages for bachelors under three classes — standard, business and first-class, costing the lowest Tk 399 for a day and the highest Tk 9,999 for a month.
The packages include air-conditioned rooms, three meals a day, washing machines and dryers for laundry, Wi-Fi, housekeeping, reading rooms, gymnasium, motorcycle parking, personal lockers, fire safety and security 24x7.
