RFL’s liquidity crunch is a trap for policy and revenue evasion

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A. S. M Nasir

Staff Reporter

News Editor

Eati Akter

Sub-Editor

It is alleged that RFL does not do much transactions in the banking channel. And in this, their cash Narayan policy is playing a role in increasing the increasing liquidity crisis in the country’s financial sector. Besides, there is also a huge revenue fraud trap in this policy of theirs. They have hundreds of outlets across the country where huge amounts of sales are being done every day. Apart from this there is huge sales management. They do everything in cash. In the banking channel, the strategists lay loans. No account of them is connected with duty and revenue, it will come out only on investigation. Liquidity crunch policies and revenue evasion traps are inherent in non-banking cash transactions. This group is one of the top 10 corporate organizations in the country. But what is their serial number if we look at the excuse of paying VAT-tax to the government? In terms of providing revenue, their position is at the level of small companies. Noting this, the academic circles are calling them the top revenue evaders. And this godfather of VAT fraud is taking over the industrial and commercial sector of the country overnight, creating uneven competition and destabilizing the business sector. In a short period of time, the huge mafia has turned into a corporate group, and now it is sounding ominous signals in the country’s economy. There is no one to stop the fraud, evasion and outright tyranny of Damcare. All their frauds will come out only if the government investigates with proper steps. The main picture of the best revenue evasion will come out. Their loopholes are varied. Different products of the company Rangpur Foundry Ltd. of the same name. VAT detectives can’t easily figure out what’s coming in a shipment. Again they transact usually in cash. Fewer transactions in banking channels. The salary of the workers is also not paid through the banking channel. In the case of import of raw materials, it is possible to clear goods repeatedly with the same invoice due to the same name invoice. It is also difficult to determine which truck is carrying which product. Their factories are in different places. They do not explain exactly where a product is being manufactured. On the other hand, they import C- or D-grade raw materials even though A-grade raw materials are mentioned in the import case. Not only that, there are various traps of abuse of various facilities against export, which will be revealed only after proper investigation by ACC. Director Kamruzzaman was contacted multiple times to get his opinion on Pran-RFL Neuman’s various products and their multifaceted irregularities, corruption, fraud and public harassment, but the statement was not received. Besides, Tawhid, who is in charge of the media department, did not give any coherent comment when asked about these issues.

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News Source

A. S. M Nasir

Staff Reporter

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