Bangladesh Army Welfare Trust

From Wikipedia, the free encyclopedia
Bangladesh Army Welfare Trust
Government Seal of Bangladesh.svg
Government Seal of Bangladesh
TypeGovernment
Legal statusWelfare Trust
HeadquartersDhaka, 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, gas stations, and golf clubs.

History[]

The trust was established in June 1998 .[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] In 2021, The Economist placed the value of the trust holdings at US$700 million.[8]

References[]

  1. ^ "Bangladesh Army following model of Pak Army". The Daily Star. 23 July 2010. Retrieved 17 September 2016.
  2. ^ "Bangladesh Army becomes a big conglomerate over years". The Daily Star. 16 July 2010. Retrieved 17 September 2016.
  3. ^ "Army Welfare Trust starts bus service". Prothom Alo. Archived from the original on 12 October 2016. Retrieved 17 September 2016.
  4. ^ "Bangladesh Army following model of Pak Army". The Daily Star. 23 July 2010. Retrieved 17 September 2016.
  5. ^ "BGB plans to enter into banking business". New Age. 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. Archived from the original on 17 September 2016. Retrieved 17 September 2016.
  8. ^ "Bangladesh's government lavishes money on the army". The Economist. 1 February 2021. ISSN 0013-0613. Retrieved 12 February 2021.
Retrieved from ""