04/12/2023
Factories in the trap of US fraudsters!
8 garment factories in Bangladesh were defrauded by a US citizen of Indian origin. The factories are in trouble with the purchase order of the person Ilyas Baig worth hundreds of crores. In the meantime, he and his associates are not paying even though they have exported about 40 crores worth of clothes.
The factory owners claim that the gang used fake documents of some US and Russian companies in the procurement.
Six months ago, Dhaka's buying house TN Sourcing placed a purchase order of $9.9 million worth of clothes in four factories of Nipa Group for some American and Russian brands. Which exports 2 million dollars worth of products. Even after three months of export, the factory owner has not received the money. He ran to the buyer in America to get the money. After a long effort, he realizes that he has been cheated.
Nipa Group Managing Director Khosru Chowdhury said, 'They have given us 4 payment copies which are fake payment copies. With which we could not withdraw any money from the bank.'
Fashion Flow Apparel exports three lakh dollars worth of garments for different brands under orders from the same buying house. This entrepreneur also did not get money. After realizing the fraud, he became a member of BGMEA.
Entrepreneurs also said that 8 factories took purchase orders of crores of dollars through TN Sourcing. 4 million dollars worth of products exported. Which is now lying in various ports of America and Russia.
Sajjad Hossain, managing director of Fashion Flow Apparel, another company that has been victimized by fraud, said, "Nowadays, all buyers work on sales contracts, that's why we have done the work on sales contracts. But we do not know that Libra Corporation has not issued our order.
The two owners of TN Sourcing claimed that they were cheated in this incident. They said that the American citizen Ilyas Baig made purchase orders for the country's three companies Libra Luxarius, Topgolf and Haptex and the Russian brand Melon Fashion Group. Elias Beg's behavior changes when some goods arrive at US ports.
Ilyas Baig selects a few Chinese companies to buy fabrics and accessories to make the product. Entrepreneurs think that he is stuck with commission from these companies. Shipping and freight forward agencies are also involved in the fraud, they claim.
Brand BGMEA American Apparel & Footwear Association (AAFA)
