US-Bangla Group gets dubious rise by dodging huge revenue and hampering economic growth of the country
Staff Correspondent
30th January, 2021 08:46:55
Apart from smuggling and black marketing, 12 affiliated companies of US-Bangla Group reportedly dodge large amounts of VAT, depriving the government of huge revenues.
US-Bangla Group has made a quick buck in just a few years by embezzling government revenue, said sources at the Customs, Excise and VAT Commissionerate.
The authorities concerned have information that a company of US-Bangla Group is reportedly involved in gold smuggling while another abuses bonded warehouse facilities and launders money, they also said.
The authorities concerned are investigating the VAT evasion to take action against US-Bangla Group, a source said.