Published:  02:49 AM, 14 March 2019

10 garment units 'siphon off Tk one billion'


Over one billion taka has allegedly been siphoned off by ten garment factories providing false information in the name of exports and imports.An investigation conducted by the Customs Intelligence and Investigation Directorate (CIID) has confirmed the matter. The CIID is going to lodge a case against the erring garment factories in this regard.

Dr Shahidul Islam, Director General of the CIID said, "CIID regularly examine the information relating to exports and imports by traders with a view to preventing money laundering." "We have found inconsistencies in the accounts of 256 institutions during the investigation conducted in last six months.

Of them, 10 institutions were involved in siphoning off Tk 109 crore in the name of exports and imports. Md Mosharraf Hossain Bhuiyan, Chairman of National Board of Revenue (NBR) last week in a letter gave us approval to file cases against those institutions under the money laundering act. Consequently, preparations to this end is now going on," the CIID boss added.

According to the probe report, Ashiana Garments Industries Limited has siphoned off Tk 37,46,16,828, Saad Fashion Wear Tk 6,34,12,940, Lilak Fashon Wear Tk 32,67,13,037, Kepari Apparels Tk 73,48,489, Kepari Garments Tk 3,87,22,880, Mishu Wear Hosiery Mills Tk 17,11,67,413, Fashion Create Reference Tk 1,46,49,319, Apparel Options Tk 67,73,361, DK Apparels Tk 2,57,54,379 and Nab Fashion Tk 5,96,08,565 to abroad.

The garments factories imported additional raw materials showing fake papers of the FOC (Free of Charge or Cost). Thus, they sent huge amount of money to abroad in illegal ways deceiving the eyes of law enforcers.Though, NBR is responsible for monitoring the matter, the organization washed its hands showing a lame excuse of manpower shortage.

The NBR Chairman also said, "The government has taken a policy of zero tolerance against the siphoning off money. We have now strengthened monitoring with an aim to verify the information relating to exports and imports so that none can do this evil act."


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