BESTEC Telecom Faces Legal Action for Laundering Tk 199 Crore

Industry: Telecom, Telecom & Mobile
Company: Bestec Telecom Limited
Company Intelligence Tag: Business Insights

Bestec Telecom Limited stands accused of laundering 199 crore 14 lakh 75 thousand 629 taka through the receipt of foreign incoming calls, as revealed by an investigation conducted by the Anti-Corruption Commission (ACC). The case, filed by the ACC Deputy Director, names three individuals as defendants: The Chairman of Bestec Telecom Limited, the Managing Director; and the Deputy Director (Finance, Accounts and Revenue) of BTRC.

According to the case statement, Bestec Telecom Limited, located in Navana Tower, Gulshan-1, is licensed by the Bangladesh Telecommunication Regulatory Commission (BTRC) as an International Gateway (IGW) operator. Over a span of 9 months from February to October 2013, Bestec Telecom received 101 crore 6 lakh 53 thousand 150 minutes of calls. These calls were billed at a rate of $0.30 per minute, totaling $3 crore 3 lakh 19 thousand 594 US dollars, equivalent to 234 crore 72 lakh 54 thousand 68 Bangladeshi taka.

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