DHAKA – Bangladesh’s Criminal Investigation Department (CID) has accused Beximco Group of laundering at least Tk 1,480 crore (US$135 million) by exporting goods through 18 companies without repatriating the export earnings. This practice, termed “trade-based money laundering” by CID, is currently under investigation.
Beximco Group, one of Bangladesh’s largest conglomerates, is a major supplier to many of the world’s leading fashion brands in the US and Europe. The company’s extensive portfolio includes numerous apparel and textile businesses that have built a strong reputation in the global fashion industry. However, despite its prominence in the international market, the group now faces serious allegations of financial misconduct.
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