Documents tied to the share transfer of Transcom Group Limited, one of the country’s leading business conglomerates, were allegedly prepared using counterfeit non-judicial stamps.

The controversy stems from a case filed in February by Shahzreh Huq, the younger daughter of Transcom’s founder, Latifur Rahman. Shahzreh accused her elder sister, Simeen Rahman, of forging her signature to fraudulently acquire the majority of the company’s shares, according to court-submitted reports by the Postal Department and the Dhaka Deputy Commissioner’s Office.

The legal battle has since unfolded with significant revelations.

On Thursday, Dhaka Metropolitan Magistrate Sharifur Rahman rejected a plea by the Police Bureau of Investigation (PBI) to conduct a forensic test on the disputed signatures. The judge ruled that since the signatures were already proven fake, further testing was unnecessary.

“The documents seized by the PBI from the RJSC show that Latifur Rahman’s wife, Shahnaz Rahman, submitted the share transfer documents on behalf of Simeen Rahman to the RJSC through her lawyer on September 2, 2020,” lawyer Aminul Haque, representing Shahzreh, told The Mirror Asia.

The Dhaka Deputy Commissioner’s report revealed that the vendor’s license responsible for issuing the stamps was canceled on December 13, 2020. Additionally, due to the COVID-19 pandemic, the vendor had neither withdrawn nor submitted stamps for use during that period.

Following the court’s order, the Assistant Controller (Stamps) of the Postal Department was tasked with clarifying the timeline of stamp issuance. Their December 2 report stated that the stamps in question were manufactured by the Security Printing Corporation (Bangladesh) Limited in May 2023—three years after the alleged transfer.

“This discrepancy is critical. The share transfer document was supposedly made in 2020 using stamps that did not exist until 2023,” remarked Mohammad Siddiq Ullah Miah, legal adviser to Simeen Rahman, dismissing the allegations as baseless.

As the legal proceedings continue, the case raises troubling questions about document authenticity and procedural integrity in high-profile corporate disputes. Transcom Group, known for its reputation as a trailblazer in Bangladesh’s business landscape, now finds its legacy entangled in a family feud with serious legal and ethical implications.

The case is being closely watched for its potential impact on corporate governance and accountability within the country's business ecosystem.