Biz-Econ

Beximco took Tk 12,000cr loan against 16 non-existent entities

Around Tk 12,000 crore has been borrowed against the names of 16 out of 32 factories at the Beximco Industrial Park which have no existence, according to the advisory council committee formed to review the labour and business situation of the companies at the industrial park.

Brigadier General (Retd) Shakhawat Hossain, convener of the committee, and Labour and Employment adviser, provided this information in a press conference at the Secretariat on Thursday, January 23.

He said 16 out of total 32 factories at the Beximco Industrial Park have no existence and despite this, about Tk 12,000 crore loan has been taken in the name of the 15 factories.

Twelve factories were laid off by the management, which was not the government’s decision, he added.

Shakhawat also said the amount of loan against 32 factories at the Beximco Industrial Park is above Tk 40,000 crore and of the amount, Janata Bank owes Tk 23,285 crore.

MAS/MSU