A Dhaka court has revoked the bail of 12 members of the International Gateway Operators Forum (IOF) accused in a case involving the embezzlement of Tk 568 crore from the Bangladesh Telecommunication Regulatory Commission’s (BTRC) Market Development Fund. The order was issued by Dhaka Metropolitan Sessions Judge Md Sabbir Foyez following a prosecution appeal. Earlier, the accused had been granted bail by a lower court on October 27. The case alleges that the IOF, formed under the leadership of Salman F Rahman, misappropriated funds collected for network development, violating license and contractual terms. The accused include senior IOF executives and retired officials. The prosecution claims the funds were diverted to Beximco Computers Limited, a company without an IGW license. The court’s decision now clears the way for the arrest of the accused.