Pseudo entities using tags of foreign companies are enjoying the privileges as offered by the Bangladesh’s Export Processing Zones (EPZs).
As per reports, concerned officials have reportedly maintained this while adding this has been detected by the sleuths of the customs department even if they allegedly found such entities are also involved in money laundering.
Reports further added the Chairman of the Customs Intelligence and Investigation Directorate (CIID) reportedly proposed the National Board of Revenue some preventive measures to this end. In a letter written to the Government towards this end, the customs-intelligence team reportedly maintained, “Such irregularities still persist in the absence of effective measures to prevent these,” even as they added pseudo entities have been detected by analysing the irregularities in different customs houses, who are involved in offences like import of restricted or banned products, money laundering, smuggling, duty evasion, abuse of bonded-warehouse facility.
