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NBR probes seven business groups over RMG unrest

Published : Friday, 6 November, 2026 at 5:17 PM

Observer Online Report

Collected Photo

The National Board of Revenue (NBR) is examining the bank transactions of seven major industrial groups over allegations that they financed and provided manpower for garment workers' protests, with around 225 individuals and entities reportedly identified for scrutiny.

According to NBR sources, the list includes nearly 100 individuals whose bank accounts have been ordered frozen and 125 entities whose transaction details have been sought. However, another section of the report puts the number of entities at 120, leaving the exact figure unclear.

On Thursday (November 5), the NBR's Central Intelligence Cell (CIC) sent urgent instructions to banks across the country regarding the accounts concerned. The report says the authorities have sought transaction details from some entities instead of freezing their accounts, considering the potential impact on workers' salaries and benefits.

The seven groups named in the report are Envoy, Mondol, Givency, Standard, Nipa, Well and Tusuka. Their group-wise details are as follows:

Envoy Group

Five companies and five individuals linked to Envoy Group are named in the list. The companies are Envoy Garments Ltd, Envoy Packages Ltd, Envoy Design Ltd, Envoy Fashions Ltd and Envoy Technologies Ltd.

The individuals are the group's Managing Director and former lawmaker Abdus Salam Murshedy, his wife Miss Sharmin Salam, daughter Miss Shahrin Salam Oshi, and group-linked Rashida Ahmed and Tanvir Ahmed.

Mondol Group

The list includes 47 individuals and entities linked to Mondol Group. The companies named are Mondol Intimates Ltd, Cotton Field (BD) Ltd, Cotton Club (BD) Ltd, Cotton Clothing (BD) Ltd, Mondol Fabrics Ltd, Tropical Knitex Ltd, Mark Sweater Ltd, Mon Trims Ltd, Mondol Spinning Mills Ltd, Mondol Farming and Food Processing Ltd, formerly known as Mondol Auto Bricks Ltd, Alim Knit (BD) Ltd, Mondol Securities Ltd, Apollo Fashion Ltd, Trims International (BD) Ltd, Eco Intimates Ltd, Noor Checks and Stripes Ltd, Apollo Knitwear (BD) Ltd, Apollo Packaging (BD) Ltd, Cotton Clout (BD) Ltd, Knitex Dresses Ltd, Umbrella Ltd, Mondol and Company Ltd, Mondol Knit Composite Ltd, Mondol Knitwears Ltd, Mondol Yarn Dyeing Ltd, Montex Fabrics Ltd, Panama Agro Complex Ltd and Zigzag Studio (BD) Ltd.

The individuals named are Abdul Alim Mondol, Tarin Taslima, Md Zubayer Mondol, Sultana Khatun, Masuda Khatun, Haji Abdul Mannan Mondol, Momena Khatun, Abdul Momin Mondol, Mahmudul Hasan, Jannatul Ferdous, Asadur Rahman Sikder, Golam Faruk Talukdar, Mohammad Zahid Hossain, Surabhi Rahman, Sherin Sultana, Taslima Akter, Khandaker Faruk Kaiser, Nahid Khandaker and Haji Abdul Majid Mondol.

Abdul Momin Mondol is the Managing Director and Chief Executive Officer of the group, described in the report as one of Bangladesh's leading garment manufacturers.

Givency Group

Nine individuals and entities linked to Givency Group are named in the list. The companies are Givency Garments Ltd, Givency Spinning Mills Ltd, Givency Garments Accessories Ltd, Givency Yarn Dyeing Ltd and Givency Foods and Essentials Ltd.

The individuals are Khatib Abdul Zahid Mukul, Masuma Khatun Lipa, Mrs Mahmudah Khatun and Khatib Abdul Hadi. Khatib Abdul Zahid Mukul is the group's chairman and managing director, while Masuma Khatun Lipa serves in administrative and director-level roles.

Standard Group

Eleven individuals and entities linked to Standard Group are included in the list. The companies named are Standard Garments Industries Ltd and The Civil Engineers Ltd-Sagar Info Builders Ltd JV.

The individuals are Hosne Ara Begum, Engineer Md Atikur Rahman, Mahmuda Begum, Engineer AKM Mosharraf Hossain, Tasmiah Rahman, Hasnat Mosharraf, Faria Rahman, Fahim Mosharraf and Hasib Mosharraf.

The report identifies AKM Mosharraf Hossain as the group's principal figure and Engineer Md Atikur Rahman as its chairman.

Nipa Group

Six individuals and entities linked to Nipa Group are named. The companies are Nipa Knit Wear Company, Selina Apparels Ltd and Nipa Fashion Wear Industry Ltd.

The individuals are Sanjid Chowdhury, Khasru Chowdhury, M Munirul Islam and Md Tipu Sultan. Khasru Chowdhury is the company's Managing Director and CEO.

Well Group

Fifteen individuals and entities linked to Chattogram-based Well Group are included in the list. The companies are Well Accessories Ltd, Well Group, Well Fashion Ltd and Well Food and Beverage Company Ltd.

The individuals named are Mrs Nasrin Akter, Abdus Salam, Syed Nurul Islam, Syed Sirajul Islam, Syed Nazrul Islam, Syed Shahidul Islam, Syed Tariqul Islam, Md Asif Hasan, Mrs Jannatul Islam, Mrs Afroza Begum, Dr (Mrs) Nasrin Afroz, Miss Aktarunisa and Miss Zinat Islam.

Well Group Chairman Abduch Salam was a former Awami League lawmaker, according to the report.

Tusuka Group

Twenty individuals and entities linked to Tusuka Group are named in the list. The companies are Tusuka Packaging Ltd, Tusuka Stitches Ltd, Tusuka Apparels Ltd, Tusuka Fashions Ltd, Tusuka Washing Ltd, Tusuka Processing Ltd, Tusuka Denim Ltd, Tusuka Jeans Ltd and Tusuka Trousers Ltd.

The individuals named include Tusuka Group Chairman Arshad Jamal, Managing Director Foyzur Rahman, Firoz Alam, Md Rafayet Ullah Khan, Md Shafiqul Islam, Md Iqbal Kabir, Ekramul Haque, Md Atikuzzaman (Sagar) and Md Atikuzzaman (Ripon).

The list also reportedly includes former Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president SM Abdul Mannan, his family member Farida Mannan, former Mirpur lawmaker Elias Mollah and members of his family. The report says Elias Mollah's alleged involvement in labour protests in the Mirpur area is based on suspicion; no supporting evidence is provided.

An unnamed NBR official said the list was being updated daily and that further details would be disclosed later. Another source said more than 100 additional individuals could be included, although some of their bank accounts had already been frozen following requests from the Anti-Corruption Commission or other agencies.

The report also names former Commerce Minister Tipu Munshi, founder of Sipal Group, and Beximco Group owner Salman F Rahman, a former private industry and investment adviser to then Prime Minister Sheikh Hasina, among those whose bank accounts were reportedly included in the freezing list.

Earlier, on Tuesday (November 3), NBR Chairman Ahsan Habib indicated at an official event that bank accounts of several individuals and entities were being frozen. He said the CIC and the Tax Intelligence Department were taking steps involving 34 individuals and 34 families.

Separately, Home Minister Salahuddin Ahmed recently alleged that former ministers, state ministers and lawmakers linked to a banned political organisation were encouraging unrest in the garment sector, with some industrialists also involved. He said the government had information and evidence regarding such activities.

Garment workers have been demonstrating for a minimum monthly wage of Tk 30,000.

The NBR has not issued a detailed public statement on the allegations in the supplied report. The named business groups and individuals have not provided responses in the report.

-AH