Tk3cr goods of Ctg company seized

Sabiha Saiki Fashion, a Chattogram-based company, has allegedly been exporting products as as samples using fake letters of credit (LCs) codes, according to the Customs Intelligence and Investigation Directorate (CIID).

CIID officials on January 31 seized the company’s nine containers of goods worth around Tk 3 crore for alleged money laundering through the submission of fake LCs. So far, the company has exported at least 85 containers of goods worth more than Tk 22 crore using such illegal means.

CIID said Sabhia Saki Fashion used false code numbers to declare the transaction type while exporting products as samples with the help of C&F agent Limax Shippers Ltd. According to CIID officials, the seized goods containers from the OCL depot in Chattogram were destined for Malaysia, United Arab Emirates, Sudan and Ecuador.

According to the Chattogram regional office of CIID, officials found 94 invoices of goods shipment by the company since January 2020.