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NBR probes 120 accounts over funding RMG labour unrest

Published : Friday, 6 November, 2026 at 1:02 PM
Observer Online Report
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The National Board of Revenue (NBR) has sought the bank details of 120 individuals and organizations over allegations of funding garment labour unrest.

Revenue authorities initiated the move to investigate whether funds from prominent corporate bodies, including Mondol Group, Envoy Group, and Nipa Group, were utilized to trigger instability in the ready-made garment (RMG) sector.

Top political figures and business leaders under NBR scanner

Sources within the revenue board revealed that owners associated with 12 major business groups allegedly provided financial backing for subversive activities during the labor demonstrations.

The list includes former ousted AL regime Commerce Minister and founder of Sepal Group Tipu Munshi, along with several former lawmakers and ministers.

Among those whose bank accounts are being summoned or frozen are Envoy Group Managing Director and former MP Salam Murshedy, former State Minister for Foreign Affairs Shahriar Alam of Renaissance Group, former State Minister for Power and Energy Nasrul Hamid Bipu of Hamid Group, Fabian Group founder and former LGRD Minister Tajul Islam, and Tusuka Group Managing Director Fayzur Rahman Badal.

Other individuals facing scrutiny include Well Group founder Abdus Salam, Nipa Group Managing Director Khasru Chowdhury, Axis Knitwears Limited Director Zahid Ahmed Tulu, Standard Group Managing Director AKM Mosharaf Hossain, and Givensee Group Chairman Masuma Khatun Lipa. Former MP Elias Uddin Mollah, former BGMEA President SM Mannan Kochi, and Sheikh Hasina's personal assistant Jahangir Alam are also under investigation for allegedly financing protests in the Mirpur area.


-SA


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