“We seek a favorable business climate to invest further and contribute to alleviating poverty and unemployment,” the parent company of Summit Corporation Limited (SCL), Bangladesh, and all its subsidiaries, said in a recent letter addressing the Chief Advisor (CA) and Energy Adviser of the interim government.
The CA’s office received the request letter, signed by SPI Chairman Muhammed Aziz Khan, on 19 September 2024. The Energy & Power obtained a received copy of the letter.
According to the communication, Summit's businesses are under significant pressure due to factors including extremely delayed payments by BPDB, the sharp depreciation of the Bangladeshi Taka against the US Dollar without True Up, high interest rates, liquidity shortage in the banking sector, and recent mob attacks on some of their facilities.
Moreover, Summit has recently been subjected to unfounded, baseless, and defamatory media reports that, it claimed, falsely accused Summit and Mr. Khan of financial misconduct, including money laundering, and questioned SPI's investments.
Bu hikaye Energy & Power dergisinin EP_22_08 (Energy & Power Vol 21 Issue 8 October 1, 2024) sayısından alınmıştır.
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Bu hikaye Energy & Power dergisinin EP_22_08 (Energy & Power Vol 21 Issue 8 October 1, 2024) sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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