Inter-ministerial body works out plan for Destiny probeStaff Correspondent
An inter-ministerial body probing the alleged financial fraudulence by the Destiny Multipurpose Co-operative Society held its first meeting on Tuesday.
Ahmedur Rahim, registrar of the office of joint stock companies and firms, who heads the committee, presided over the meeting at his office at the city’s Karwan Bazaar in the afternoon.
The committee worked out a plan to carry out the probe against the company. The plan includes collection of information against the group and its subsidiaries, said the meeting sources.
The next meeting of the committee will be held on April 17, said the sources.
The ministry of commerce formed the committee in February after the ministry of finance expressed worries over financial irregularities by the Destiny Group and its main subsidiary DMCSL.
The Bangladesh Bank in
a report last month called ‘illegal banking’ the collection of savings by DMCSL.
It also made dozens of recommendations, including immediate cap on new memberships and bar on asset transfers.
Finance minister AMA Muhith has already announced that a commission would be set up to prevent asset transfers by the group.
The BB has asked the commercial banks to give it detailed information of the bank accounts of the Destiny Group officials in a process for freezing them, said a managing director of a private commercial bank.
He said commercial banks had been receiving the BB directive since Monday.
The Anti-Corruption Commission and the National Board of Revenue are also investigating the alleged money laundering and tax evasion by Destiny.
The ACC investigators said that Destiny Group officials had failed to provide them with necessary documents despite reminders twice in the past week.
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