British American Tobacco Target Bangladesh: 13 thousand crores of money laundering charges

The UK-based multinational company ‘British American Tobacco Bangladesh (BATB)’ has been accused of trying to spread illogical influence without giving tax of Tk 1,924 crore despite the court order. Transparent pricing is going on.

BATB’s ongoing irregularities are underway. British High Commissioner to Bangladesh Alison Blake has joined the organization not to violate the diplomatic norms and not to pay tax. There is a question about whether the money is being smuggled abroad without huge amounts of revenue. Several emigrants expressed doubt that BATB has trafficked more than 13 thousand crores in last eight years. BATB has a share of 72.91 percent share of UK-based Rally Investment Company Limited. Another foreign investment is 14.5 percent. Independent investment and government shares are 1.47 percent.

The National Board of Revenue (NBR) has come out with observations of FY 2012-13, BATB marketed Bristol and pilot brand cigarettes at low prices. In this, the government has deprived the revenue of Taka 1,924 crore About 1 thousand 9 42 crores, there is a possibility of going to foreign countries, about 87 percent of foreign ownership of Taka 673 crore. Since 2009, BTRB has marketed bristol and pilot brand cigarettes at low prices. As a result, in the last eight years, there was doubt in different areas as there was 13 thousand crore taka (more than Tk 1,673 crore each year) in this sector. Such irregularities of foreign companies in developing countries like Bangladesh have put the local investors in uncertainty. At the same time, huge profits of foreign cigarette production companies, against the small investment, make the trade unequal competition. When contacted, Motiur Rahman, commissioner of a large taxpayer unit under the National Board of Revenue, said, “The court has given a verdict on our behalf. But BATB has appealed to the High Court.

They marketed with Bristol’s approval as a poor cigarette. But lab tests prove that the quality of the high-quality cigarette of the DARBY brand was exactly the same as Bristol. Punishable actions have been taken against them for allegedly illegally grabbing the market and stalking tax. It is estimated that these irregularities have been going on for many years. Former President of Bangladesh Economics Association and teacher of Chittagong University. Moinul Islam said, “They take a lot of profits in different tactics. In the language of economics, which is called transfer pricing, the widely circulated method of profit trafficking, which is how it sticks to the third world. Not only BATB, other multinational companies do this. Increasing prices of imported commodities from abroad show less profit In this way they give tax evasion, as a result of the cost-cutting of profits. Many such incidents have happened in different countries in the past. BATB has also indulged in illegal marketing of tobacco products. “It is learned that British American Tobacco Bangladesh (BATB) started similar acts in Bangladesh after bribery and tax fraud scandal in different countries.

British High Commissioner Alison Blake spoke in favor of British American Tobacco in Bangladesh, causing dissatisfaction among health organizations. They claim that this behavior has violated World Health Organization rules. In this context, the former Head of Mission of Bangladesh, Major (Retd) Emdadul Islam, who was appointed in Myanmar, said, “Allison Blake wanted to solve the tax dispute in the bilateral talks, not through court. Foreign Ambassador does not have the chance to be intimidated over tax imposed by the foreign ambassador. What the UK ambassador is doing is unacceptable to diplomatic etiquette, indispensable and to show the law of thumbs. If they are wronged against the business establishments of their country, they have the right to seek remedy. But how did he go to lobbying for the organization which has tax evasion and unjustly!

Seeing: The health experts of Pakistan blamed the British High Commissioner Philip Burton of British America Tobacco in April 2015. They also publish a photo of 13 March, which shows that Philip Burton joined a meeting in Islamabad, where British American Tobacco was trying to influence Pakistan’s finance minister and health minister for working on behalf of them. According to the UK’s Foreign and Commonwealth Office (FCO), it seems to be unconstitutional, and the news of Pakistan’s ‘The Nation’ published on March 20 of that year also revealed the news. According to the South East Asia Tobacco Control Alliance report published on August 23, British American Tobacco sponsored 25 million Malaysian ring guns illegally in the Commonwealth Games held in Malaysia in 1998.

According to a report published on November 16, 2014, in The Guardian of UK, it was found that the British American Tobacco had to pay a fine of six and a half euro fine to supply more tobacco to the European region. The United Kingdom government’s financial assistance, the BBC’s BBC search and the UK’s first-ever daily The Guardian published several irregularities in American Tobacco. A website named South African Manion refers to the bribe transaction of $ 26,000 through the British American Tobacco lobbyist in Rwanda, Burundi and Comoros Islands in 2015.