NBR freezes bank accounts of Ambee Pharma
Bangladesh
The National Board of Revenue (NBR) has instructed all the banks to freeze the bank accounts belonging to Ambee Pharmaceuticals.
Founded in 1978, Ambee Pharma, a pharmaceutical and chemical company, was listed on the stock exchange in 1986. Its paid up capital is Tk2.4 crore and has Tk3.38 crore in reserve.
Aziz Mohammad Bhai is the chairman of the drug company.
The transactions of Ambee Pharma's accounts were suspended due to the Tk2 crore 9 lakh VAT evasion.
NBR on Tuesday wrote to all banks asking them to implement their directives.
According to the NBR sources, said Ambee Pharma evaded VAT of over Tk2 crore by concealing sales details.
Despite repeated notices to pay off evaded VAT, there were no responses from the company.
Letters have been sent to all commercial banks to seize its bank accounts under the VAT Act signed by Customs Excise and VAT Commissionerate Additional Commissioner Pramila Sarker.
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