This article was originally published on 14 July 2013 in The New Age, and is part of a series on offshore companies set up by Bangladeshi businessmen and politicians. (The original link is not working)
To see the main page concerning offshore companies, click here
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Local businessmen’s link to offshore companies revealed
David Bergman
The directors of some of Bangladesh’s biggest business conglomerates, including Summit, Square, and the United group, own or have owned offshore companies in the secretive tax haven of the British Virgin Islands, New Age can reveal.
Information about their offshore company ownership is contained amongst the 2.5 million electronic files which were leaked to the International Consortium of Investigative Journalists – and which have been shared with New Age.
The files contain information from the databases of two offshore company service firms including Singapore-based Portcullis TrustNet which was the firm that these businessman paid to set up their companies.
From the ICIJ files, New Age has identified a total of over 20 Bangladeshi business people who have owned an offshore company, though there may be many more who have registered using a non-Bangladesh address or who set up offshore companies using different service agencies.
