Tuba Group Managing Director Delwar Hossain has sought a loan of Tk 300 million to reopen his closed factories.
Published : 24 Aug 2014, 06:36 PM
He is currently out on bail granted on the condition that he would clear his workers’ dues.
Delwar had been arrested after a devastating fire at Tuba-owned Tazreen Fashions killed more than a hundred workers in 2012.
He said at a conference in Dhaka on Sunday: “If I get a soft loan of Tk 250 or 300 million, I’ll be able to reopen the factories that will be able to produce US $4/5 million worth of exportable goods.”
Delwar claimed a financial crisis had forced the closure of his factories. But, according to media reports, he had shut down Tuba Textile, Tayeb design, Mita Design, Bookshan Garments and Tuba Fashions on August 18 on the pretext of labour unrest.
Tuba’s workers claimed that Delwar deliberately delayed their payments in order to get bail.