ACC summons Transcom boss Latifur Rahman

Bangla Tribune Report
Published : 16:16, Oct 11, 2018 | Updated : 17:34, Oct 11, 2018

Transcom Group Chairmen and CEO Latifur Rahman

The Anti-Corruption Commission (ACC) has summoned Transcom Group owner Latifur Rahman for questioning over allegations, including tax evasion and money laundering.

On Thursday, the graft watchdog served him with a notice instructing to appear at its headquarters on Oct 18 with his national ID and attested copy of passport.

Latifur, the chairman and CEO of business conglomerate, however, said he was not aware of the matter.

“I came to know from your phone call. I have no knowledge on this,” he told Bangla Tribune.

According to the ACC, Latifur and his family has made billions by not paying utility connection bills and VAT of businesses under the group.

The allegations also include acquiring illegal wealth, money laundering as well as land-grabbing.

Transcom holds majority stake in two companies, Media Star and Media World, which respectively publish top Bengali daily 'Prothom Alo' and English newspaper 'The Daily Star'.

Apart from stakes in the media, the Transcom Group has forayed into beverage, pharmaceuticals, insurance, electronics, baby food and consumer goods, among others.

The group owns soft drinks Seven Up, Pepsi, Mirinda, Aquafina, SKF Bangladesh Limited, KFC, and Pizza Hut.