The timely repatriation of revenues to their home countries is critical for payment of dollar denominated expenses, according to IATA
Masud and Brothers had stockpiled the rice at the warehouse of Ahmed Trading at Sagarika in the port city for a long time, Executive Magistrate Syed Morad Ali, who headed the court on Thursday, told bdnews24.com.
They violated a ban on the storing of the food grain for more than a month, he added.
The court fined Mohammad Tareque, the manager of the warehouse, Tk 50,000 besides seizing the rice, the magistrate said.