10 RMG exporters laundered Tk 300cr: CIID

The customs Intelligence has claimed to have found information of laundering Tk 300 crore by 10 readymade garment (RMG) exporters.

The exporters are Fashion Trade, Progga Fashion, MDS Fashion, Hong Kong Fashions, Three-star Trading, Fortune Fashion, Pixi Knitwears, Stylise BD and Eden Style Tex.

Of the 10 companies, seven offices are located in the capital Dhaka, two in Gazipur and one in Savar, according to a handout of the Customs Intelligence and Investigation Directorate (CIID).

The companies laundered this huge amount of money in the name of exporting RMG goods to the United Arab Emirates, Malaysia, Nigeria, Saudi Arabia and Qatar, read the handout.

The handout, signed by Shamsul Arefin Khan, joint director of the CIID Dhaka, said a team of customs intelligence started an investigation into the matter based on anomalies in the export bill and the Export Permission (Exp) which is issued by the authorised dealer banks.

the investigation, they found that the 10 exporters exported goods using the Exp and the code 20 under section 24 of the bill of export, he said in the press statement.

As a result, the country has been deprived of export earnings while a huge amount of money has been smuggled out abroad, Khan said.