Bank accounts frozen as 2 organisations reportedly import 4 containers of banned products

The VAT Intelligence Directorate unearthed massive forgery as two organisations named Ayesha Traders and Taj Traders reportedly imported four containers of Poppy in the declaration of Tennis Ball and Party Spray by 15 consignments.

The authorities of Mongla Port seized those containers in connection of bringing illegal prodicts.  

The VAT Intelligence is now investigating whether those products were brought following proper declaration and also actual VAT was paid.

Irregularities were found on the bank documents of the importers, the investigation said.

The VAT registration information revealed that their businesses establishments are situated in Dhaka’s Chawakbazar area, but those are practically non-existent in the capital.  

According to the VAT registration and trade license, the address of Taj Traders (Business Identification Number or BIN- 002189233-0206) has been stated as- 10/B, Swarighat, Dhaka while Ayesha Traders (BIN- 001731864-0206):  6/10-D, Champatali, Chawkbazar, Dhaka.   

Allegations have it that the organisations did not submit their VAT returns properly. And they also provided false information to the VAT office. From such acts, it is presumed that the traders committed crimes in the past with false declaration.

Having failed to find existence of the organisations and lack of proper information on imported products and bank documents, the VAT Intelligence froze their bank accounts and BINs for the sake of investigation.

Bank information revealed that the proprietor of Taj Traders is Md Sabir Hossain (NID- 7757565986) while the owner of Ayesha Traders is Akbar Hossain (NID- 9157992869).

Primary investigation discloses that both the organisations indulged in similar irregularity although their BINs are different.