Advisor Sakhawat says ‘single garment company’ drew 482bn in loans from 16 banks, 7 financial institutionsLabour Advisor M Sakhawat Hossain has alleged that a single garment company borrowed staggering Tk 482.48 billion from 16 banks and seven financial institutions, with no clear explanation of where the money went. Speaking at a Centre for Policy Dialogue (CPD) discussion on Sunday, he said efforts were under way to recover the funds. “From Janata Bank alone, it took nearly Tk 240 billion,” Sakhawat said, adding that the state-run lender had not given a satisfactory explanation for approving the financing. He accused some garment owners of siphoning off workers’ money abroad while failing to pay wages. The advisor stressed that unpaid wages predated the interim government and were enforced through fear.

Source: bd News24 August 11, 2025 01:18 UTC