Thu Apr 24, 2025 12:28 AM
Last update on: Thu Apr 24, 2025 05:28 AM
Meghna Group of Industries (MGI), one of the leading conglomerates of Bangladesh, has denied allegations against it and added that it remains certain that "no investigation will uncover evidence of misconduct".
In a statement, MGI said the claims made by some media outlets and social media pages are "false and fabricated".
The business house said it "is confident that any thorough review—domestic or international—will reaffirm our strict adherence to all applicable laws and regulations".
"We adhere to rigorous internal governance protocols, undergo regular external audits, and remain certain that no investigation will uncover evidence of misconduct," said MGI in the statement issued and posted on its official website on April 21.
The leading commodity importer and processor said its proven global credibility is demonstrated by partnerships with the World Bank and the International Finance Corporation (IFC) on multiple financings, as well as financing from institutions such as DEG, the Islamic Development Bank, the Asian Development Bank, FMO, HSBC, Sinosure, and other development finance institutions.
"These institutions demand the highest standards of transparency, ethics, and legal conformity—all of which MGI consistently upholds."
"While we recognise healthy competition as a cornerstone of a vibrant economy, we believe some of these allegations stem from orchestrated media pressure intended to...
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