Four cos laundered Tk382cr under the guise of export

The Customs Intelligence and Investigation Directorate (CIID) has found evidence that four companies have laundered about Tk382 crore under the guise of export by making fake documents.

These four companies have laundered money through 1,780 challans at various times, said director general of CIID Mohammad Fakhrul Alam at a press conference at its office in the capital on Tuesday.

He said, “Sabiha Saiki Fashion located in the capital’s Dakshinkhan has exported 997 tonnes of men's trousers, T-shirts, baby sets, bags, polo shirts, jackets, pants and hoodies through 86 challans. The value of these products is about Tk18 crore ($1,845,727).”

“The company exported these products to United Arab Emirates, Malaysia, Singapore, Saudi Arabia and Nigeria. But the company did not bring the money in the country,” he added.

Besides, Asia Trading Corporation based in the capital’s Ramna area has exported 14,085 tonnes of T-shirts, tops, and ladies dresses worth about Tk282 crore ($25,826,866) through 1,382 challans, he told the press conference.

He also said that a company named Emu Trading Corporation at Dakshinkhan in the capital has exported 2,523 tonnes of T-shirts, trousers and tops through 273 challans and its value is about Tk62 crore ($6,504,932).

“The company exported the products to Saudi Arabia, United Arab Emirates and Malaysia but it is yet to bring money in the country.”

Besides, another company Ilham at Uttara has exported 660 tonnes of T-shirts, tank tops and ladies dresses through 39 shipments, and the value of these products is about Tk17 crore ($1,639,485).

But this money has not also been brought into the country, said the CIID DG at the press conference.