According to a press release from the Directorate of Customs Intelligence and Investigation, ten readymade garment exporting companies have laundered around Taka 3 billion under the guise of RMG exports.
It said the ten companies are: Progga Fashion Limited, Fashion Trade, MDS Fashion, Hong Kong Fashion Limited, Three-Star Trading, Fortune Fashion, Anupom Fashion Wear Limited, Pixi Knitwear Limited, Stylize BD Limited and Eden Style Tex.
Consignments of goods are being exported to foreign countries through Chattogram Port in an innovative way through export manipulation, but the foreign exchange of that export is not being repatriated to the country.
In such a situation, the Customs Intelligence and Investigation Directorate investigated and confirmed the incident of money laundering.
*more to follow…