Over Tk 100cr tax anomalies found
5 more bank accounts frozen
The National Board of Revenue (NBR) has detected anomalies of over Tk 100 crore in tax and VAT dodging by two concerns of the Destiny Group, officials said.
Destiny Tree Plantation was found to have dodged tax over Tk 70 crore while Destiny 2000 Ltd evaded VAT amounting to more than Tk 30 crore, stated NBR officials.
The NBR also noticed that Destiny Multipurpose Cooperative Society Ltd violated related laws.
Officials said financial activities of all the 37 subsidiaries of the controversial multilevel marketing (MLM) organisation have been investigated.
In a bid to smoothen the investigation, the NBR yesterday directed banks to freeze five more accounts of persons related to Destiny Group.
5 MORE BANK ACCOUNTS BLOCKED
The NBR yesterday sent letters to all banks asking them to suspend any type of transactions, including withdrawal and transfer of money from the accounts of Mohammad Hossain, Didarul Alam, Jamshed Ara Chowdhury, Mainuddin Ahmed and Farid Akhter, said an official of the NBR.
“These persons are not simply general shareholders of Destiny Multipurpose Cooperative Society Ltd., they are also beneficiaries of Destiny,” said the official, seeking to remain unnamed.
They helped Destiny in opening sister concerns, managed high-ranking positions there and also received commissions and salaries, the official added.
This was the fourth time the tax authority directed banks to block bank accounts of people related to Destiny Group to investigate whether it has complied with the related tax laws or dodged tax.
Earlier, the NBR froze over 10 bank accounts including that of Destiny Group’s Chairman Mohammad Rafiqul Amin.
-With The Daily Star input