The National Board of Revenue (NBR) has asked banks, financial institutions and National Savings Authority to provide details of five business tycoons and their family members.
They are: Summit Group founder-chairman Aziz Khan, Orion Group chief Mohammad Obaidul Karim, Beximco Group's co-founder and vice-chairman Salman F Rahman, Nassa Group chairperson Nazrul Islam Mazumder, and Bashundhara Group founder Ahmed Akbar Sobhan.
The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has initiated the move.
NBR sources said that they are under scanner for alleged tax evasion.
As per section-200 of the Income Tax Law 2023, the NBR is empowered to seek bank account information of a taxpayer against his Taxpayer Identification Number (TIN) if they suspect any tax evasion.
Banks and NBFIs are bound to provide the account information to the taxmen as per law. The tax law has a penal provision in case of non-cooperation of bank officials in providing required information of bank account transactions.
Following the fall of the Awami League government in a student-mass uprising, tax zone-15 of the NBR issued bank account search notices for Awami League Presidium Member Sheikh Selim and business tycoon S. Alam's family members.
