The board of directors of SK Trims and Industries listed on the stock market has decided to stop production as the government has frozen bank accounts. Which has been implemented since September 7.
The authorities of SK Trims informed the Bangladesh Securities and Exchange Commission (BSEC) and both stock exchanges on September 7.
In the letter, SK Trims authorities said that the board of directors of the company has decided to close the factory. There is no other option but to stop at this moment. Because the company is 100% export oriented and transactions are done through banks. But the bank account is frozen. However, the company authorities have been trying hard to continue production since last June even after the bank account was frozen.
But when the bank account of the company is opened, the production will be started. Which will be reported to everyone.
According to the letter, Bangladesh Bank’s Financial Intelligence Unit (BFIU) has frozen the bank account of SK Trims on June 25. After that, Bangladesh Bank lifted the freeze on July 10 when exporters, workers and investors requested to talk about their interests.
But on July 11, Metropolitan Judge and BFIU froze 9 bank accounts on the recommendation of ACC. The bank accounts of the company which is owned by the former officer of the Board of Revenue (NBR) Matiur Rahman have been frozen. However, Motiur Rahman and his family are not on the board and do not have direct ownership in the company.
This information is known from Dhaka Stock Exchange (DSE) sources.
