As per the order of BSEC, Meghna PET Industries has been closed since 2004. Although the company has been closed for a century and a half, it has not disclosed this price-sensitive information to investors as required by law. Apart from this, the investigation committee of BSEC has also found financial irregularities of about 25 crore rupees in the company.
According to the BSEC investigation report, the company has shown a total asset value of 6 crore 34 lakh rupees including machinery and land in its financial report. Since the company has been closed for a long time, there was a need to evaluate the loss assets in the verification of the value of these assets. But the company did not make any such assessment. As a result, there is no accurate information about the asset value.
Again the company in the financial report has mentioned the information of stock of goods worth two hundred crore rupees in the warehouse. But the BSEC investigation team did not find any stock of the product in the company. Even the company could not show any report regarding product stock to the investigation committee.
Apart from this, Meghna PET Industries has shown nearly two crore rupees as loans and advances in its financial report for the financial year ended June 2021. Year after year, the company has been showing this loan and advance information in the financial report. The investigation team of BSEC has also questioned the authenticity of these loans and advances.