NBR moves to halt share transfers of 7 top business groups

The National Board of Revenue (NBR) has requested the Registrar of Joint Stock Companies & Firms to immediately suspend the transfer of shares—whether through purchase, sale, or donation—of seven major conglomerates in Bangladesh.

The companies targeted are: Bashundhara Group, Orion Group, Summit Group, Beximco Group, S Alam Group, NASSA Group, and Third Wade Technologies Ltd (Nagad Ltd).

The letter stated that an ongoing investigation has uncovered serious allegations of financial irregularities, including large-scale tax evasion, by these conglomerates. As a result, the suspension of share transfers is deemed necessary “in the public interest.”

The move comes amid a broader crackdown on financial misconduct following the end of the 15-year rule of the Awami League government on August 5.