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Opinion

Questions looms as suspicious fire engulfs S Alam warehouse

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Ahmed Khizr

Publish: 08 Mar 2024, 11:41 AM

Questions looms as suspicious fire engulfs S Alam warehouse

When the nation mourned the lives lost in the Bailey Road fire, it was revealed that a warehouse belonging to the government's favoured S Alam Group had caught fire. The group claimed that approximately 100,000 tonnes of imported sugar were destroyed in the blaze.

However, the fire has sparked numerous questions. This questionable group is a significant financial backer of the Awami League government, granting them extensive business opportunities. Let's delve into the sugar import issue.

Citing demand during Ramadan, the group was granted permission to import hundreds of millions of dollars worth of sugar, oil, wheat, pulses, chickpeas, etc., despite the country facing an acute reserve crisis. It was revealed that this quantity far exceeds the actual demand during Ramadan.

There are only the economic advantages. Let’s consider the  political influence too: a court ruling has prohibited any investigation or media coverage regarding S Alam Group's alleged money laundering activities.

Considering these two facts, a pertinent question arises. A common method to smuggle dollars out of the country involves under-invoicing or over-invoicing. This entails importing goods worth, for instance, $2 but declaring a cost of $10. Consequently, the surplus can be siphoned off if the product's price or quantity is inflated on paper.

A peculiar scenario unfolds where a company purportedly imported 300,000 tons, declared a cost of 600,000 tons, and as such smuggled an equivalent sum of dollars equal to the remaining 300,000. But suspicions can be raised as the same amount of products was not available in the market.

Under such circumstances, an accident could be faked. However, it must be done with government assistance. If government authorities assert a lack of records regarding the number of goods imported by the company, the company could fabricate any quantity. It's conceivable that several thousand tons were purportedly destroyed while the account reflected several lakhs. During this period, it becomes distressingly simple for a powerful group to orchestrate such manipulations.
Indeed, these suspicions are not based on evidence, and are only speculations. Recent events have only added fuel to the fire. The clash at the S Alam Group power plant, resulting in the deaths of five individuals, with numerous others injured and many villagers forced to flee, raises serious concerns. Allegations suggest that the group's henchmen, possibly aided by the police, were involved in these killings, with ongoing harassment of the affected community by the mob. Furthermore, disturbing rumours are circulating about manipulating media and court systems to conceal S Alam's involvement in various scandals. It's not unreasonable to suspect that these government-affiliated groups are involved in laundering substantial sums of money.

Such occurrences sadly typify a country where the ruling government attains power through sham elections, further exacerbating issues of corruption and impunity.

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