Bangladesh, Nov. 12 -- The Customs Intelligence and Investigation Directorate (CIID) has recently detected preliminary evidence of duty and tax evasion amounting to Tk 2.69 billion by six bonded textile companies in Narayanganj.

The suspected evasion involves duty-free imported yarn, raw materials and chemicals allegedly diverted to the local market instead of being used for approved export-oriented production, according to the CIID.

The directorate conducted simultaneous raids on six bonded textile establishments in Rupganj, Bandar and Araihazar upazilas of Narayanganj on October 8, based on intelligence information.

Several preventive teams of the CIID carried out the operations with assistance from the Special Response Battalion (S...