The various allegations made in the statements of the Hon'ble Home Minister regarding Nabil Group during the discussion on Islami Bank Bangladesh PLC in the budget session of the Jatiya Sangsad on 9 June 2026 are false, baseless and exaggerated.

Several of the facts presented in Parliament are not consistent with Nabil Group's audited financial statements, banking records and the documents of the relevant regulatory authorities. These statements not only create confusion in the public mind but also damage the long-standing reputation and business interests of an established industrial group.

In this regard, Kbd. Md. Aminul Islam, Managing Director & CEO of Nabil Group of Industries, yesterday submitted a detailed petition to the Hon'ble Prime Minister. Copies have also been submitted to the Hon'ble Finance Minister, the Hon'ble Home Minister and the Governor of Bangladesh Bank. A request has also been made to the Hon'ble Speaker of the Jatiya Sangsad to expunge the false and baseless information raised about Nabil Group from the parliamentary records.

Regarding the allegation of Tk. 700 crore LC and non-repayment:

The statement made by the Hon'ble Home Minister that Nabil Group availed LC facilities of Tk. 700 crore from Islami Bank after 5 August 2024 is not consistent with actual facts and banking records. In reality, from 5 August 2024 until today, Nabil Group has opened Letters of Credit (LCs) worth a total of Tk. 7,181 crore for the purpose of importing essential consumer goods, industrial raw materials and other trading products. Following international trade and banking rules and regulations, bills amounting to Tk. 5,733 crore against these LCs have already been duly paid. The remaining sight and accepted bills of Tk. 1,448 crore are being paid regularly and on time according to their respective due dates. All these transactions have been and are being conducted in accordance with international commercial practices, banking regulations and the guidelines of the relevant regulatory authorities.

Regarding the allegation of Tk. 16,000 crore in bank liabilities:

The information that has been circulated claiming Nabil Group’s total bank liability is Tk. 16,000 crore is also false and baseless. According to audited financial reports, as of June 2025, the Group’s total bank liability was Tk. 5,868 crore. In contrast, this liability stood at Tk. 7,864 crore in August 2024. That is, within just one year, Nabil Group has reduced its bank debt by over Tk. 2,000 crore – a clear reflection of the Group’s financial discipline, accountability and loan repayment capacity. Nabil Group has never defaulted on any bank loan, and all banking activities are carried out in accordance with the guidelines of Bangladesh Bank and prevailing banking regulations.

Regarding the allegation of money going to an election fund:

Nabil Group also protests the insinuation made in Parliament that the Group's money was used for a political party's election fund. The Group, one of the country's top industrial groups, is a completely apolitical business entity and has no affiliation with any political party.

There is no proven allegation of loan misappropriation, money laundering or fraud against Nabil Group or its associate companies. The Managing Director of the establishment, along with his family members, resides in Bangladesh, and they have no illegal or secret assets abroad.

Our respectful submission:

a) Nabil Group has been conducting business for the past two decades in agriculture, industry, food products, transport, import-export and consumer goods. According to the National Board of Revenue, Nabil Group is one of the top five consumer goods importers in the country for two consecutive years. In fiscal year 2023-24, the Group’s total imports amounted to USD 1.21 billion.

b) Nabil Group directly employs over 25,000 people and indirectly supports the livelihoods of more than 200,000 people. Our massive fixed investment proves our long-term commitment to Bangladesh. As part of our social responsibility, Nabil Group works for the underprivileged communities in the northern region of the country. 80% of our investment is in the northern region, contributing to large-scale employment and improvement of living standards.

c) Despite the political change in August 2024, Nabil Group and the family members, relatives and associates of its officials have remained in the country. They continue to play an effective role in the economic development of Bangladesh. The Managing Director of Nabil Group, along with his wife, son, daughter, parents and all family members, resides in Rajshahi. His children also study in Rajshahi. None of them have any assets abroad.

d) Nabil Group has never defaulted on any bank loan. Our banking relationships are based on mutual trust, transparency and professional discipline. Nabil Group has not bought any TV channel using bank loans.

e) Nabil Group regularly provides various donations to help the destitute, helpless and low-income people of society. while also contributing to the improvement of their living standards. In the Group’s industrial park, employment has been arranged for more than 1,500 widows and underprivileged women. Additionally, Nabil Group contributes to the sports sector. This year, Rajshahi Warriors, owned by Nabil Group, became champions of the Bangladesh Premier Cricket League, and Rajshahi Stars FC, owned by Nabil Group, became champions of the Bangladesh Women’s Premier Football League. Rajshahi Stars FC is going to participate as the only team from Bangladesh in the Asian Women’s Football Club competition for the first time.

Nabil Group believes that when allegations are raised against any individual or institution, the ultimate standard should be facts, documents and evidence assumptions, rumours or political statements. If any person or institution is defamed through parliamentary statements without proper verification of facts, it is harmful not only to the concerned institution but also to the overall business and investment climate. Therefore, Nabil Group calls for a transparent, fact-based and impartial inquiry through Bangladesh Bank or any other independent and neutral authority.

We believe that correct information and transparency are the best answers to any false accusation. Nabil Group remains committed to working for the people of this country as a partner in all developmental and positive initiatives of the government.