Bangladesh Army Welfare Trust

Bangladesh Army Welfare Trust

Type GOVT.
Legal status Welfare Trust
Headquarters Dhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali

Bangladesh Army Welfare Trust is a trust owned and operated by Bangladesh Army. It owns a number of businesses including hotels and Gas station and golf clubs.

History

The trust was established in June 1998 modelled on Pakistan Army Welfare Trust.[1] The BBC estimated the commercial enterprise of Bangladesh Army to be over 30 billion taka. The trust was founded to look after the interests and welfare of retired military personals. The organization under the trust include hotels, golf clubs, filling stations, Trust Bank Limited and shopping complex.[2] The Trust started a bus service in 2014.[3] The BBC did a 9-part documentary called Probaho that examined military commercial ventures including those of the trust. Mongla Cement is owned by the trust.[4] In 1999 the Trust established Trust bank limited.[5] The involvement of the trust and Bangladesh army in business has faced criticism.[6] The trust owns the Radisson in Dhaka and Chittagong.[7]

References

  1. ↑ "Bangladesh Army following model of Pak Army". thedailystar.net. 23 July 2010. Retrieved 17 September 2016.
  2. ↑ "Bangladesh Army becomes a big conglomerate over years". 16 July 2010. Retrieved 17 September 2016.
  3. ↑ "Army Welfare Trust starts bus service". en.prothom-alo.com. Retrieved 17 September 2016.
  4. ↑ "Bangladesh Army following model of Pak Army". thedailystar.net. 23 July 2010. Retrieved 17 September 2016.
  5. ↑ "BGB plans to enter into banking business - New Age". newagebd.net. 25 February 2015. Retrieved 17 September 2016.
  6. ↑ Ahmed, Kamal (15 August 2010). "Bangladesh army's advancing business interests". BBC News. Retrieved 17 September 2016.
  7. ↑ Dastider, Pankaj (20 May 2012). "Construction work of upscale hotel in Chttagong progressing". The Financial Express. Dhaka. Retrieved 17 September 2016.
This article is issued from Wikipedia - version of the 10/24/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.