Beximco money Laundering under the guise of exporting
Salman F Rahman Vice Chairman of Beximco exported products from Bangladesh. Son’s company bought that product in Dubai. Bangladesh Bank has lent dollars from the reserve to buy the raw material of this product. The money did not come to the country at the appointed time.
About 80 million dollars are stuck in three countries including Dubai in the United Arab Emirates. At present, the amount of which is 957 crores in Bangladeshi currency. RR Global, the Dubai-based organization of Beximco Group Vice Chairman and former Prime Minister Sheikh Hasina’s advisor Salman F. Rahman and his son Ahmed Shayan Fazlur Rahman, completed this money laundering arrangement under the guise of exports.
Police’s Criminal Investigation Department (CID) has revealed that the money was smuggled in three countries in the last 12 years in the name of 17 companies of the Beximco Group. It has been decided to file a case against the owners-officials of the group in this incident. Beximco Group laundered this money through Janata Bank. CID investigation revealed that Beximco had smuggled Tk 957 crore under the guise of exporting garments.
State-owned Janata Bank’s top borrower is Beximco Group. The bank’s Beximco group debt is about 25 thousand crores. Of this, 18 thousand crore have defaulted.The export department of Janata Bank has informed the CID in a certificate that from January 2012 to August 31 this year, it has exported goods worth about 80 million US dollars. It is mentioned in the letter that this money did not come to the country till September 2. Abdul Jabbar, Managing Director of Janata Bank, confirmed the issue of the certificate to Prothom Alo.
Motijheel Police Station Officer-in-Charge (OC) Mohiul Islam told that it has been decided to file multiple cases against Beximco Group in connection with money laundering. Salman F Rahman was arrested from Sadarghat area of Dhaka on August 14. Later on September 1, CID’s Financial Crimes Unit started investigating money laundering against the Beximco group of companies. On August 22, the Anti-Corruption Commission (ACC) started an investigation against Salman F. Rahman on allegations of embezzlement and money laundering abroad.
How much money did they smuggled?
Sources related to the investigation said that 17 companies of Beximco exported clothes to Dubai, Singapore and United Kingdom. The investigation revealed that the company in Dubai where Beximco showed garment exports, belongs to the family of Salman F. Rahman. The Beximco Group has smuggled around 80 million USD under the guise of exporting garments alone, which is equivalent to 957 crore at the current market price.
According to CID sources, apart from garment exports, Beximco Group has smuggled loans from 7 banks including Janata Bank abroad through fraud and fraud in the last 15 years. CID sources said Beximco Group has set up Beximco Pharmaceuticals in Dammam, Saudi Arabia. The entire money is taken from the country. The CID is probing allegations of laundering 13.5 million dollars against the group under the guise of trade outside of garment exports.
When the Beximco Group’s public relations agency Impact PR was contacted for the statement of the Beximco Group on this, they could not give a statement.Beximco Group is a very old customer of Janata Bank. Beximco started business in 1978 through Janata Bank. In 1998, the group’s apparel sector companies began taking loans from Janata Bank. When the Awami League government came to power after the 2008 elections, Salman F. Rahman became influential. After that Beximco textile, LPG company took loan from Janata Bank. In 2018, Janata Bank aggressively financed Beximco’s companies.
money 18 thousand crores of Beximco’s loan has already defaulted. As a result, 50 percent of Janata Bank’s loans have defaulted. The bank is in a liquidity crisis.
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