Bangladesh’s Meghna Group faces money laundering probe

The ACC and CID in Bangladesh are investigating allegations of money laundering against the Meghna Group, a major industrial conglomerate involved in various sectors. Meghna recently acquired two ultramax vessels, focusing on high-quality tonnage and expanding its oceangoing fleet. The group is also looking to add two more ultramaxes to its fleet, with acquisitions from Iwagi Shipbuilding at a cost of $30m and $35.2m.

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