Bangladesh’s missing billions as trade misinvoicing bleeds it dry#Bangladesh #Bangladesheconomy #BangladeshExports #BangladeshMisinvoicing #BangladeshMoneyLaundering #BangladeshTrade #BashundharaGroup #BeximcoGroup #Block2 #GlobalFinancialIntegrity #SAlamGroup #SheikhHasina #SouthAsia #SummitGroup

S Alam Group has announced the closure of its sugar, steel, and bag factories, citing unavoidable circumstances, starting tomorrow (25 December).

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The report highlighted that Saiful Alam, acting as a Singaporean citizen, could jeopardise the interim government’s efforts to recover billions of dollars siphoned out of the country during the Awami League regime

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The Anti-Corruption Commission (ACC) has filed a case against 58 individuals, including the son of S Alam Group Chairman Mohammad Saiful Alam, for embezzling Tk1,092 crore from the Chaktai branch of Islami Bank Bangladesh Limited (IBBL) in Chattogram.

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The National Board of Revenue (NBR) has scrapped the indefinite tax exemption on interest of loans for SS Power I Limited, a subsidiary of the S Alam Group.

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#NBR #tax #taxexemption #SAlamgroup #TBSNews