Premier Group Refutes False Report on Alleged Fund Withdrawal

Company Clarifies Facts and Urges Responsible Journalism

Dhaka, 23 September 2025:

Premier Group of Companies Ltd. has strongly protested and rejected recent reports published in some national dailies on 22 and 23 September 2025, under the headline:

“Iqbal’s Attempt to Withdraw BDT 287 crore Foiled by BFIU.”

The company has clarified that the report is completely false, fabricated, and baseless, and that such misinformation has unfairly harmed its reputation.

Company Clarification

Premier Group has long maintained transparent and rule-compliant loan facilities with National Bank, First Security Islami Bank, and Mercantile Bank.

In October 2024, pay-orders totaling approximately BDT 287 crore were issued from Premier Bank’s Banani Branch for repayment of loan installments.

Due to ongoing interest-related discussions and political unrest, these pay-orders were deposited into the respective loan accounts on 18 September 2025.

The claim regarding “300 cheques” is misleading. These were in fact bank-issued pay-orders, duly deposited as loan repayments.

The company emphasized that no attempt to withdraw funds ever occurred. The allegation is entirely contrary to the truth.

Official Statement

“Our group has always conducted its business with honesty, transparency, and compliance with all banking regulations. We categorically deny the false allegations published in the media and urge all concerned to verify facts before disseminating such damaging reports,” said a spokesperson of Premier Group of Companies Ltd.

Premier Group reaffirmed its commitment to operating with integrity and contributing to Bangladesh’s economy, while requesting the media to exercise the highest standards of responsible journalism.

For media inquiries:

Corporate Communications Department,Premier Group of Companies Ltd.,Dhaka, Bangladesh

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