The Anti-Corruption Commission (ACC) has recently launched an investigation into an allegation of money laundering by a section of factory- owners using fake documents against exports and imports.
In a letter to the National Board of Revenue (NBR).the ACC has recently sought details about the crooked factories.
Meanwhile, it formed a three-member committee to investigate into the allegation about laundering US$ 7.53 billion (equivalent to Tk 640 billion) out of the country through trade transactions.
According to the Global Financial Integrity (GFI), trade misinvoicing occurred when the importers and exporters deliberately falsify prices in their import and export invoices for illicitly transferring value across the international borders, to evade duties and taxes, launder the proceeds of criminal activity, circumvent currency controls, and hide profits offshore.
A vested quarter is still active in wrongdoing although the anti-graft body goes tough against the corrupt people and organizations. Adyan Agro Limited is one of the companies which are allegedly involved in corruption.
It is alleged that the company -- Adyan Agro Limited -- made a mint by depriving the government of taxes and importing illegal goods.
Sources said,DrJamilHossain, one of the directors of Adyan Agro Limited, illegally made some four to five crore taka in just four years.
Recently, a freedom fighter and poultry trader, hailing from Gazipur, wrote to the Anti-Corruption Commission alleging corruption and fraud against Adyan and asked the graft watchdog to investigate the firm’s operation.
According to the complaint, Adyan imports banned chemicals and medicine instead of poultry feed and medicine. Thousands of small poultry farmers have been incurring loss due to bad business of Adyan.
The company made illegal money by evading taxes through under-invoicing while importing products from overseas sources.
The illegal business of Adyan angered thousands of poultry farmers since they bear the brunt of the malpractice. Several allegations were brought against Adyan Agro.
Earlier, there were media reports against the company but any action by the authorities concerned is yet to be taken.
However, When contacted, Adyan’s Managing Director Dr Jamil Hossain brushed aside all allegations saying they are doing business fully complying with the government’s rules and regulations.
