{"id":8795,"date":"2023-09-04T08:40:20","date_gmt":"2023-09-04T08:40:20","guid":{"rendered":"https:\/\/thecrimebd.net\/english\/?p=8795"},"modified":"2023-09-04T08:40:20","modified_gmt":"2023-09-04T08:40:20","slug":"tk-300-crores-from-10-companies-were-smuggled-under-the-guise-of-garment-export","status":"publish","type":"post","link":"https:\/\/thecrimebd.net\/english\/news\/8795\/","title":{"rendered":"Tk 300 crores from 10 companies were smuggled under the guise of garment export."},"content":{"rendered":"
The Crime Desk:<\/strong> Goods are being exported abroad through Chittagong port through innovative export fraud, but the foreign exchange is not being repatriated.<\/span><\/span> On the basis of such secret information, the Directorate of Customs Intelligence and Investigation is conducting an investigation.<\/span><\/span> The exporting firms have exported the goods by fraudulently using the indorsement of another exporting firm in the bill of export and using specimen code 20 in column 24 of the bill of export.<\/span><\/span> In this case, money has been smuggled abroad for the entire export value without repatriating any money to the country.<\/span><\/span> <\/span><\/div>\n
The Customs Intelligence and Investigation Directorate has recently uncovered several cases of fraudulent exports by exporters using EARPs and illegal codes from other exporters.<\/span><\/span> During the ongoing investigation of irregularities, evidence was found that 10 exporting companies have committed such fraud in 1234 shipments in the past.<\/span><\/span> As against 1234 consignments exported, the quantity of goods is 9921 MT, with a potential amount of repatriable foreign exchange of USD 3,53,66,918 (approximately Tk 300 crore).<\/span><\/span><\/span><\/div>\n
<\/div>\n
It can be seen from the review of the relevant documents of the companies that the companies have laundered money by showing fake exports of T-shirts, tops, ladies dresses, trousers, baby sets, polo shirts, etc. products to countries like the United Arab Emirates, Malaysia, Qatar, Saudi Arabia, Nigeria, etc.<\/span><\/span> The 10 mentioned exporters have basically laundered a huge amount of money by using code 20 in the Nature of Transaction section of the bill of export.<\/span><\/span> A review of the bills of exports of ten organizations did not find any correspondence between the information stated in the bills of exports and the EXP.<\/span><\/span><\/span><\/div>\n
<\/div>\n
Moreover, according to the information received from the South East Bank mentioned in the bill of export, none of the mentioned 10 institutions have a lien on the said bank.<\/span><\/span> As the said bank is not related to the business activities of the institutions, the export value of the sales contract, or EXP, mentioned in the bill of export through the said bank has not been repatriated, or there is no opportunity to do so.<\/span><\/span><\/span><\/div>\n
<\/div>\n
1.<\/span><\/span> Pragya Fashion Limited (BIN-01224796), Ashulia, and Savar have been found to have laundered money through 391 exports, including 383 in 2019 and 8 in 2010.<\/span><\/span> 3080 May in exported goods <\/span><\/span>Tons of t-shirts, pants, tank-tops, pajamas, etc. have been exported to the UAE, Malaysia, etc.<\/span><\/span> The value of exported goods in the said consignments is about US$ 1,08,41,699 (Tk. 12.04, 60, 245 approx.).<\/span><\/span> C & F agent M. is involved in the export fraud of this organization.<\/span><\/span> AJ Shipping Corporation, Dewanhat, Chittagong;<\/span><\/span> Riyanka International, Khatunganj, Chittagong;<\/span><\/span> A&K Trade International, Agrabad; CA Chittagong; Associates, Sugandha, Chittagong; and Express Forwarders, Biojid Bostami, Chittagong. <\/span><\/span><\/span><\/div>\n
<\/div>\n
2.<\/span><\/span> There is evidence that the organization named Fashion Trade (BIN-18141112576), Gulshan, Dhaka, committed fraud in 246 exports, including 73 in 2010, 116 in 2019, and 57 in 2018.<\/span><\/span> May 1779 in exported goods <\/span><\/span>Tons of t-shirts, pants, tank tops, pajamas, etc. products have been exported to the UAE, Qatar, Philippines, Niger, Sangyapur, Alloa, Thailand, Sudan, Malaysia, etc.<\/span><\/span> The value of exported goods in the said consignments is about US$ 80,51,640 (Tk. 68,35,84,236 approx.).<\/span><\/span> C & F agent M. is involved in the export fraud of this organization.<\/span><\/span> A.<\/span><\/span> K. Shipping Corporation, Dewanhat, Chittagong; Riyanka International, Khatunganj, Chittagong; A&J Trade International, Agrabad; C\/A Chittagong, etc.<\/span><\/span> <\/span><\/div>\n
<\/div>\n
3.<\/span><\/span> M.<\/span><\/span> D.<\/span><\/span> Evidence is available that S Fashion (BIN-18031005377), Uttara, Dhaka, has committed fraud in 182 exports in 2020.<\/span><\/span> 1376 May in exported goods <\/span><\/span>Tons of t-shirts.<\/span><\/span> Moreover, a review of the documents related to the exports of the said company shows that most of the products have been exported to the United Arab Emirates, Malaysia, Nigeria, Qatar, and the Philippines.<\/span><\/span> The value of exported goods in the said consignments is about US$ 51,82,586 (Tk. 44,00,01,551 approx.).<\/span><\/span> C & F Agent A & Day Trade International Agrabad, C\/A Chittagong, GR Trading Corporation, Agrabad, Chittagong, Pan Bengal Agency Ltd. Khatunganj, Chittagong, etc. are involved in the export fraud of this organization.<\/span><\/span> <\/span><\/div>\n
<\/div>\n
4.<\/span><\/span> Hong Kong Fashions Limited (BIN-18031005377), Toli, Gazipur, is found to have committed fraud in 156 exports in 2018, 2019, and 2020.<\/span><\/span> May 1961 in exported goods <\/span><\/span>Exported tons of t-shirts.<\/span><\/span> Moreover, as can be seen from the review of the export-related documents of the mentioned organization, most of the shipments have been exported to countries like the United Arab Emirates, Canada, Qatar, Nigeria, Kuwait, Malaysia, etc.<\/span><\/span> The value of exported goods in the said shipments is about US$ 47,89,606 (Tk. 40,66,37,586 approx.).<\/span><\/span> <\/span><\/div>\n
<\/div>\n
The C&F agents involved in the export fraud of this organization are MJ Shipping Corporation Dewanhat, Chittagong Pan Bengal Agency Ltd. Khatunganj, Chittagong, Parag SMS Ltd. Agrabad B\/A, Chittagong, Riyanka International Khatunganj, Chittagong, and M\/s A.K.<\/span><\/span><\/span><\/div>\n
\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Crime Desk: Goods are being exported abroad through Chittagong port through innovative export fraud, but the foreign exchange is not being repatriated. On the basis of such secret information, the Directorate of Customs Intelligence and Investigation is conducting an investigation. The exporting firms have exported the goods by fraudulently using the indorsement of another […]<\/p>\n","protected":false},"author":1,"featured_media":8796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,1],"tags":[],"location":[],"class_list":["post-8795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime-corruption","category-economy"],"yoast_head":"\nTk 300 crores from 10 companies were smuggled under the guise of garment export. - The Crime BD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecrimebd.net\/english\/news\/8795\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tk 300 crores from 10 companies were smuggled under the guise of garment export. - The Crime BD\" \/>\n<meta property=\"og:description\" content=\"The Crime Desk: Goods are being exported abroad through Chittagong port through innovative export fraud, but the foreign exchange is not being repatriated. 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