Dhaka, Oct. 14 -- The Customs Intelligence and Investigation Directorate (CIID) has detected alleged revenue evasion of Tk 85.21 crore through the misuse of bonded warehouse facilities by a factory in Siddhirganj, Narayanganj, where officials found no effective production operations despite export claims.

During an inspection, officials found production machinery lying unused in heaps and no adequate arrangements for regular manufacturing, raising questions about how the company had produced goods for export.

Acting on a tip-off, a CIID preventive team raided UAGM BD LIMITED at B/240, Mijmiji Dakkhinpara in Siddhirganj on September 9, according to a press release issued on Wednesday.

The company, an indirect exporter under the jurisdic...