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DHAKA – The Bangladesh Textile Mills Association (BTMA) says it will blacklist mills which took loans through illegal means and defaulted on repayments. The BTMA says blacklisting specific mills will make it very difficult for them to do business in the country.

The move comes after the loan scandal involving AnonTex Group, in which the firm managed to receive over Tk 5,000 crore in bank loans in just six years. Acting president of the BTMA, Mohammed Ali Khokon said: “I could not manage loans over Tk 200 crore despite being involved in the textile business for the last 22 years. Some big fishes might be involved in such fraudulent activities. Entrepreneurs like us are suffering because of such incident”.

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