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Bismillah Towels Team (BTG) launched its journey within 1988 that has a vision of
becoming one of the most recognized hand towel and home textile manufacturer on the state
simply by offering the best mixture of top quality and productivity. BTG features broadened
its potential, developed a skilled managing group along with effective labor force, and
integrated superior engineering to be remembered as throughout the world reasonably
competitive. They are dedicated to provide top quality merchandise within reasonably
competitive price tag. In over twenty years connected with small business practical
knowledge, BTG features accumulated tremendous status at your home and in foreign
countries. Revolutionary small business approach, experience, durability, top quality peace of
mind and superior solutions happen to be your components of our achievement.
The group is particularly inside the output regarding all sorts of terry shower towels, terry
bathtub robes, terry made-ups, kitchen's shower towels in addition to the other entire terry in
addition to non-terry at the same time house linen items, using the requirements individuals
appreciated consumers. BTG is usually totally designed with new looms, point out regarding
artwork technological innovation structured dyeing sections along with twenty four hours
power copy coming from your own in-house machines. All of their machineries are usually
run through highly skilled staff. Each of their items are usually excellent sufficient in order to
meet the customers can use regarding their particular craftsmanship, hand really feel, high
absorbency, longevity, shade fastness in addition to patterns. They've got the actual expertise
in addition to facilities to supply superior selection of 100% cotton in addition to blended
thoroughly items along with different sizes, GSM, patterns in addition to shades.
They are working relentlessly to expand their business through high ethical standards and
being socially responsive. Keeping this in mind, they are setting off a new venture
dedicatedly on modern and exclusive home textile for great fashion for each home. They are
always in the quest of professionalism and perfection characterized by a continual pursuit for
innovations and a focus towards nurturing lasting customer relationship.


2. Objective of the Report

The objective of the report is to familiarize ourselves with the real market situation, to
compare them with the business' theories & at the last stage make a report on assigned task.
The main objective of this report is to have an assessment on Bismillah Group frauding
activities. We tried our best to know how Bismillah group involved in fraud activities& the
banks fault regarding this issues.In addition, the study seeks to achieve the following

To present an overview of Bismillah Group

To review the present position of Bismillah Group

To find out some problems which are faced by particular bank

To determine the sectors that is responsible for frauding

To familiarize with practical loan Environment

To have an exposure on loan providing system in banking sector of


To relate the theories of banking with the practical banking activities

To identify the problems facing by particular Banks

To suggest remedial measure for proving loans in banking sectors

3. Methodology
3.1 Study Design
The report was fully investigative in internet based. Data have been collected from secondary
3.2 Data Collection
This study is mainly based on secondary data available from the various divisions and
departments of particular group and Bismillah Group, in addition to these other necessary
information have been collected from the daily newspapers, relevant journals, annual reports
of Banks, Bangladesh bank and Bismillah Group have also been taken into consideration.

3.3 Secondary sources of data

The website of Bismillah Group

Different news papers

Different papers of selected Banks

Unpublished data

Different text books

3.4 Limitations
The present study was not out of limitations. But a student, it was a great opportunity for us
to know the banking activities of Bangladesh specially JanataBank, Jamuna Bank,
ShahjalalIslami Bank, Premier Bank, Prime Bank. Some restraints are disclosed bellow:

The main constraint of the study is insufficiency of information, which was

required for the study. There are various information the banks employees don't
provide due to security and other corporate obligations.

Due to time limitations many of the aspects could not be discussed in the present

Every organization has their own secrecy that is not revealed to others. While
collecting data through internet, it did not provide much information for the sake
of the confidentiality of the organization.

We carried out such a study for the first time, so in experience is one of the main
constraints of the study.

4. Vision of Bismillah Group

To become one of the apex companies in the eyes of both customers and employees and
making great strides in every corner of the world by 2020 through congenial work
environment, innovative product variety and social commitment.


5. Mission of Bismillah Group

Thriving to become the market leader through quality products, efficient and
professional workforce.

Pursuing continuous growth to fulfill the aspirations of customers, employees and


Approaching current and future issues with a sense of fairness, enthusiasm and
creativity in terms of products and work atmosphere.

6. Quality Assurance
BTG maintains strict quality control practices to determine that all the goods are of high
standard. Extensive use of total quality methods contributes greatly to meet the standard set
by the Group. Quality control processes are set up at every stage of production with stringent
standards to ensuring the highest quality. The quality control personnel carry out preinspection of products at different stages to maintain standards and to find out defective
Quality Assurance in BTG takes place in three layers.
Firstly, On line quality checking by weaving, dyeing and finishing section Inspection team in
each stage of production
Secondly, Completely independent professional Quality Control team under the direction and
supervision of production Director on a daily basis.
Finally inspection by the highly qualified Quality Control Team of the Head Office under the
guidance of DMD as per the order.

High quality of open end, ring spun and combed yarn from own factories.

Environment friendly Best quality dyes and chemical imported by own resources.

Ensuring the quality by testing outside in the standard laboratory on a regular basis.


7. Bismillah Groups Concerns

The group concerns the following sister groups. These are described in brifly.

7.1 Bismillah Towels Limited

This unit has 160 Brand new Shuttle Loom in operation. Soft Flow Dyeing, 2000x3 sft floors
for finishing operation. This unit is also furnished with ETP (Chemical) - 20 meter cube/hr in
At a glance -

Location: Comilla

Towel Weaving Section

o 100 Shuttle Looms are in operation
o Production Capacity

- 5800 kg/day

Towel Dyeing Section

o Dyeing Capacity

- 7500 kg/day

Stitching: 2000 x 3 sft floors are in operation

Products: All type of terry towel (From 300-650 GSM)

7.2 HindulWali Textile Ltd

Hindul Wali Textile Ltd is exclusively 100% export oriented terry and non terry towel
manufacturer was established in the year 1988. This unit is equipped with modern Looms and
machines. Hidul Wali is situated in BSCIC area near Comilla Export Processing Zone.
At a glance -

Towel Weaving Section


100 Shuttle Looms are in operation

Production Capacity - 4300 kg/day

Towel Dyeing Section


Production Capacity - 6000 kg/day

Stitching: 2000 x 3 sft floors are in operation


Products: All type of terry towel (From 300-650 GSM)

7.3 Alppa Composite Towels Ltd

Alppa Composite Towels Ltd, a part of Bismillah Towels Group, is comprised of Weaving
Unit, Dyeing Unit, Washing Unit and Finishing Unit. This unit is located in Polashbari, Savar
near Dhaka. Alppa Composite Towels Ltd is the footstep of composite towel business of the
group from where quality assurance gets priority and customer's satisfaction level keeps on
increasing which is the most thriving part of the business of the group.

At a glance -

Location - Savar, Dhaka

Towel Weaving Section

200 Shuttle Looms are in operation

Production Capacity

Towel Dyeing Section

- 10,000 Kg/Day

o Dyeing Capacity

- 12000 kg/day

Stitching - 3000x4 sft floors are in operation

Products: All type of terry towel (From 300-650 GSM)

7.4 Sehreen Textile Industries Ltd

Sehreen Textile Industries Ltd is situated at Debpur, Comilla. This unit is meeting the
requirement of customers with quality products.
At a glance:

Location - Debpur, Comilla

Towel Weaving Section

o 50 Shuttle Looms are in operation
o Production Capacity

- 5400 Kg/Day

Towel Dyeing Section


o Dyeing Capacity

- 4000 kg/day

Stitching - 3000 x 4 sft floors are in operation

Products: All type of terry towel (From 300-650 GSM)

7.5 Saharish Composite Towel Ltd

At a glance:

Location - Sreepur, Gazipur

Towel Weaving Section

o 80 SMIT Rapier Looms with production capacity of 18,000 kg/day
o 20 SMIT Rapier Looms with Jacquard the production capacity of 3500 kg/day

Towel Dyeing Section

o Solid Dying (Soft Flow technology) with capacity of 20,000 kg/day
o Continuous Towel Printing (Flat and rotary system) with capacity of 20,000
o Shearing Towel production capacity 20,000 kg/day

Yarn dyeing (Cone dyeing technology)

Bed Sheet Section

o 250 Picanol Omni Airjet looms
o 50 Picanol Omni looms with dobby
o Production Capacity 80,000 mtr/day
o Wider width arrangement with pigment and reactive printing facilities and
solid dying.


- 5,000 kg/day

- 150,000 sft in four floors

Products: All type of terry towel (From 300-650 GSM)

7.6 Afros Spinning Mills Ltd

Located in Gazipur, Afros Spinning Mills (Pvt) Ltd is a efficient source of yarn for producing
towels. For the meeting of requirement of raw materials, this unit was added with BTG
operation on 2010.
At a glance:

Location - Gazipur

Machinery Installed

Production Capacity - 250 Ton/Month

- 10 Rotor

7.7 Bismillah Cargo Express

To facilitate and support increased export-related activities, Bismillah Cargo Express
(BCE) has been established. A modern fleet of vans is engaged in transportation of rawmaterials to the factories and finished products from the factories for shipment. Bismillah
Cargoes are equipped with tracking system for easy localization. Fleet:

Cargo 7 Ton (Ashok Leyland)

- 08

Cargo 7 Ton (Tata TC)

- 02

Cargo 7 Ton (Bedford)

Cargo 3 Ton (Eicher)

Cargo 1.5 Ton (Toyota-Dyna) - 250 Ton/Month - 02

Trailer - 250 Ton/Month

- 250 Ton/Month

- 03
- 02

- 04

BTG Holdings Ltd and Progressive Overseas Ltd are under construction.


8. Products of Bismillah Group

The group deals with several types of towels. The sample of these towels are shown bellow.


9. Involving Banks of Bismillah Group

The renowned company Bismillah Group had conducted their business transaction with
several banks. Recently it involved with a swindle of these banks. The information regarding
those banks is described in briefly.

9.1 JanataBank
Janata Bank Limited, one of the state owned commercial banks in Bangladesh, has an
authorized capital of Tk. 20000 million (approx. US$ 250 million), paid up capital of Tk.
11000.00 million, reserve of Tk.17234 million. The Bank has a total asset of Tk. 508567
million as on 31st December 2012. Immediately after the emergence of Bangladesh in 1971,
the erstwhile United Bank Limited and Union Bank Limited were renamed as Janata Bank.
On 15th November, 2007 the bank has been corporatised and renamed as Janata Bank

Janata Bank Limited operates through 892 branches including 4 overseas branches at
United Arab Emirates. It is linked with 1202 foreign correspondents all over the

The Bank employees more than 15(fifteen) thousand persons.

The mission of the bank is to actively participate in the socio- economic

development of the nation by operating a commercially sound banking
organization, providing credit to viable borrowers, efficiently delivered
and competitively priced, simultaneously protecting depositors funds
and providing a satisfactory return on equity to the owners.

The Board of Directors is composed of 13 (Thirteen) members headed

by a Chairman. The Directors are representatives from both public and
private sectors.

The Bank is headed by the Chief Executive Officer & Managing

Director, who is a reputed banker.

The corporate head office is located at Dhaka with 10 (ten) Divisions

comprizing of 38 (thirty eight) Departments.

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General Credit Line of janata Bank :

o The main focus of Janata Bank Limited Credit Line/Program is
financing business, trade and industrial activities through an effective
delivery system.
o Janata Bank Limited offers credit to almost all sectors of commercial
activities having productive purpose.
o The loan portfolio of the Bank encompasses a wide range of credit
programs covering about 200 items.
o Credit is also offered to 15 (fifteen) thrust sectors, as earmarked by the
Government., at a reduced interest rate to develop frontier industries.
o Credit facilities are offered to individuals, businessmen, small and big
business houses, traders, manufactures, corporate bodies, etc.
o Loan is provided to the rural people for agricultural production and
other off-farm activities.
o Loan pricing system is customer friendly
o Prime customers enjoy prime rate in lending and other services.
o Quick appreciation, appraisal, decision and disbursement are ensured.
o Credit facilities are extended as per guide-lines of Bangladesh Bank
(Central Bank of Bangladesh) and operational procedures of the Bank
o The rates may, however, change from time to time depending on the
level of competition in the financial sector.

9.2 Prime Bank

In the backdrop of economic liberalization and financial sector reforms, a group of highly
successful local entrepreneurs conceived an idea of floating a commercial bank with different
outlook. For them, it was competence, excellence and consistent delivery of reliable service
with superior value products. Accordingly, Prime Bank was created and commencement of
business started on 17th April 1995. The sponsors are reputed personalities in the field of trade
and commerce and their stake ranges from shipping to textile and finance to energy etc.
As a fully licensed commercial bank, Prime Bank is being managed by a highly professional
and dedicated team with long experience in banking. They constantly focus on understanding

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and anticipating customer needs. As the banking scenario undergoes changes so is the bank
and it repositions itself in the changed market condition.
Prime Bank has already made significant progress within a very short period of its existence.
The bank has been graded as a top class bank in the country through internationally accepted
CAMELS rating. The bank has already occupied an enviable position among its competitors
after achieving success in all areas of business operation.
Prime Bank offers all kinds of Commercial Corporate and Personal Banking services covering
all segments of society within the framework of Banking Company Act and rules and
regulations laid down by our central bank. Diversification of products and services include
Corporate Banking, Retail Banking and Consumer Banking right from industry to agriculture,
and real state to software.
Prime Bank, since its beginning has attached more importance in technology integration. In
order to retain competitive edge, investment in technology is always a top agenda and under
constant focus. Keeping the network within a reasonable limit, our strategy is to serve the
customers through capacity building across multi-delivery channels. Our past performance
gives an indication of our strength. We are better placed and poised to take our customers
through fast changing times and enable them compete more effectively in the market they

9.3 Jamuna Bank Limited

Jamuna Bank Limited (JBL) is a Banking Company registered under the Companies Act,
1994 of Bangladesh with its Head Office currently at ChiniShilpaBhaban, 3, Dilkusha C/A,
Dhaka-1000, Bangladesh. The Bank started its operation from 3rd June 2001. The Bank
provides all types of support to trade, commerce, industry and overall business of the
country.The only Bengali named 3rd generation private commercial bank, was established by
a group of local entrepreneurs who are well reputed in the field of trade, commerce, industry
and business of the country. The Bank offers both conventional and Islamic banking through
designated branches. The Bank is being managed and operated by a group of highly educated
and professional team with diversified experience in finance and banking. At present the
Bank has real-time Online banking branches (of both Urban and Rural areas) network
throughout the country having smart IT-backbone. Besides traditional delivery points, the

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bank has ATMs of its own, sharing with other partner banks and consortium throughout the

Having business for at least 2 years in the same line.

Age Limit: 20 years to 60 years.

9.4 The Permier bank Limited

The Premier Bank Limited is incorporated in Bangladesh as banking company on June 10,
1999 under Companies Act.1994. Bangladesh Bank, the central bank of Bangladesh, issued
banking license on June 17, 1999 under Banking Companies Act.1991. The Head Office of
The Premier Bank Limited is located at Banani, one of the fast growing commercial and
business areas of Dhaka city. It is a scheduled Commercial Bank incorporated on June 10,
1999 as Public Limited Company under companies act, 1994 and Bank companies act, 1991.
The Bank has clear vision towards its ultimate destiny - to be the best amongst the top
financial institutions.

creating opportunities for more people in more places.

To ensure stability and sound growth whilst enhancing the value of shareholders

To aggressively adopt technology at all levels of operations to improve efficiency

and reduce cost per transaction.

To ensure a high level of transparency and ethical standards in all business

transacted by the Bank.

To provide congenial atmosphere which will attract competent work force who
will be proud and eager to work for the Bank.

To be the most caring and customer friendly provider of financial services,

To be socially responsible and strive to uplift the quality of life by making

effective contribution to national development.

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9.5 ShahjalalIslami Bank Limited

ShahjalalIslami Bank Limited (SJIBL) commenced its commercial operation in accordance
with principle of Islamic Shariah on the 10th May 2001 under the Bank Companies Act,
1991. During last twelve years SJIBL has diversified its service coverage by opening new
branches at different strategically important locations across the country offering various
service products both investment & deposit. Islamic Banking, in essence, is not only
INTEREST-FREE banking business, it carries deal wise business product thereby generating
real income and thus boosting GDP of the economy. Board of Directors enjoys high
credential in the business arena of the country, Management Team is strong and supportive
equipped with excellent professional knowledge under leadership of a veteran Banker Mr.
Md. AbdurRahmanSarker.
StrategiesofShahjalalIslami Bank Limited
o To strive for customers best satisfaction & earn their confidence.
o To manage & operate the Bank in the most effective manner.
o To identify customers needs & monitor their perception towards meeting those
o To review & updates policies, procedures & practices to enhance the ability to extend
better services to the customers.
o To train & develop all employees & provide them adequate resources so that the
customers needs are reasonably addressed.
o To promote organizational efficiency by communicating company plans, polices &
procedures openly to the employees in a timely fashion.
o To cultivate a congenial working environment.
o To diversify portfolio both the retail & wholesale markets.

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Swindlingof Bismillah Group

10.1 Fraud of Bismillah Group

Bismillah Group, a terry towel producer, allegedly swindled Tk 1,100 crore from five







(ACC)asked Bismillah Group chairman NowrinHasib and its managing director

KhajaSulaiman Anwar to be present at the ACC head office to face grilling on May 8, 2013.
But, they did not appear before the commission as they were said to have fled the country. As
the two top officials of Bismillah Group went into hiding, the probe report will be prepared
without questioning them, the ACC inquary officer said, on February 26, the anti-graft body
formed a five-member inquiry team to probe the alleged plundering of about Tk 1,100 crore
from five banks. According to a Bangladesh Bank report, Bismillah Group swindled about Tk
1,100 crore from state-run Janata Bank and four private commercial banksPrime Bank,
Shahjalal Bank, Jamuna Bank and Premier Bankshowing fake export documents, taking
governments cash incentive to open business firms abroad and with accommodated bills
through Letters of Credit (LCs). The business group swindled Tk 392.57 crore from Janata
Bank, Tk 306.22 crore from Prime Bank, Tk 163.69 crore from Jamuna Bank, Tk 148.69
crore from Shahjalal Bank and Tk 62.97 from Premier Bank.
The following pie chart shows the percentage of loan swindled by Bismillah Group:

Janata Bank

Prime Bank
Jamuna Bank

Shahjalal Bank
Premier Bank

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10.2 Reason behind Fraud

The possible reason of Bismillah Groups fraud are identified as follows

Lack proper of monitoring and controlling of Bangladesh Bank over the banks

Internal links / relationships are set up between the particular Bank and the Group

Political intervention over the banks

Misuse of power of employees of the particular banks

Lack of proper collateral

Proper investigation before providing loans

10.3 The Role of Banks Official Regarding Fraud

Before preparing the probe report, the inquiry committee examined documents of all the five
banks and quizzed around 70 of their officials. The controversial group swindled the money
with the help of bank officials between June 2011 and July last year mostly through LTR
(loan against trust receipt) using names of fake foreign buyers and forged documents, the
enquiry revealed.
Borrowers usually do not need to put their property as collateral to get loans from banks
through LTR as such loans are given on trust provided that some documents are submitted,
said ACC investigators. But Bismillah Group along with its several sister concerns -Shaharish Composite Factory Ltd, Alpha Composite Towel Ltd, Shaharish KT Ltd,
HindulWali Ltd and Bismillah Towel Ltd resorted to embezzlement.

10.4Action against Bismillah Group

The Anti-Corruption Commission (ACC) has filed 12 cases against Bismillah Group for
allegedly embezzling Tk 11 billion from five banks.The anti-graft watchdog has found
evidence of money-laundering to the tune of Tk 11.74 billion from the banks using fake
documents.The anti-graft watchdog has found evidence of money-laundering to the tune of
Tk 11.74 billion from the banks using fake documents. The banks involved are Janata Bank,
Prime Bank, Premier Bank, JamunaBank and ShahjalalIslami Bank.
The Anti-Corruption Commission (ACC) in the 12 cases have accused 13 people from
Bismillah Group and 40 officials from the five banks for graft and money-laundering. ACC

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Deputy Director Syed IqbalHossain said that according to the records, the company took Tk
11.74 billion from the five banks between 2006 and July, 2012, showing fake documents.
The Bismillah Group officials accused in the cases are

Bismillah Towel Ltd Managing Director KhwazaSolaiman Anwar Chowdhury

Chairman NawrinHasib









KhandakerMoinuddin Ashraf, SarwarJahan

DMD Akbar Aziz Muttaki

Manager Riazuddin Ahmed

Bismillah Group's sister concern Network Freight System Ltd Chairman


Proprietor of TW Express MdMoinuddin

Bay Yarn Ltd'sGolamMohiuddin Ahmed

However, all the accused except Akbar Aziz Muttaki are currently absconding.

The remaining 40 accused are the officials from the five banks.

Earlier, ACC asked Bismillah Group chairman NowrinHasib and its managing director
KhajaSulaiman Anwar to be present at the ACC head office to face grilling on May 8. But,
they did not appear before the commission as they were said to have fled the country.

10.5Possible penalty against Bismillah group

In this part, we recommend some penalty against Bismillah Group due to fraud.

Under the anti-money laundering act, the accused may get up to 10 years in prison
and their moveable and immovable properties might also be confiscated.

The Bismillah group should be banned from Bangladesh

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The assets of the group should be confiscated by govt

The involved bank officials should be fired from the particular banks

Now a days, different kinds of banks fraud are seen everywhere in our country. Bismillah
Group did one kinds of these frauds. But it should be stopped. According to our opinion, we
recommend some preventive actions to reduce such kind of frauds.

Proper monitoring of Bangladesh Bank should be ensured

Verify the collateral and proper document before providing loan
In case of providing loan, illegal activities of banks employee should be controlled
by the bank authority
There should not be any type of political enforcement
All type of organizational ethics should be followed by organization
If any organization involve in illegal activities, it should be highly punished
The Govt. should handle such kind of banks fraud


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