Mostafa Kamal

Background

Mostafa Kamal is the founding Chairman and Managing Director of Meghna Group of Industries. He started his business career with commodity trading under the banner of Kamal Trading Company in 1976.

Mosfata Kamal is the chairman of Ekattor Media Limited, which owns Ekattor TV. He is now the Honorary Consul of the Republic of Korea in Chittagong.

Business interest

As the chairman and managing director, Mostafa Kamal leads the overall management of MGI and its business verticals that include FMCG products, building materials, chemicals, economic zones, logistics, energy and power, pulp and paper, stationeries, printing and packaging, feeds, aviation, shipping, financial institutions, seeds crushing, fibre, capital market, media, hospitality, health care, information technology and real estate.

Mostafa Kamal is now a director of Modhumoti Bank Limited. Earlier, he was the chairman of the Bank. He is also the vice-chairman of National Insurance Company Ltd.

Mostafa Kamal also has investments in the health sector. He is the director of Central Hospital Ltd and Barakah General Hospital Ltd.

Mostafa Kamal has been involved with various trade and socio-cultural associations in different capacities: President of  Bangladesh Sugar Refiners Association, Bangladesh Small & Captive Power Producers Association,  Basic Chemical Manufacturers Association of Bangladesh and Korea – Bangladesh Chamber of Commerce & Industry; Senior Vice President of Bangladesh Oceangoing Ship-owners Association; Vice President of Association of Bangladesh Mineral & Purified Drinking Water Manufacturers; Director of Bangladesh Vegetable Oil Refiners &Vanaspathi Manufacturers Association Mohammedan Sporting Club; member of Standing Committee on Rehabilitation of Sick Industries, FBCCI, Bangladesh Petroleum Tanker Owners Association, Aviation Operators Association of Bangladesh and Association of Export Oriented Shipbuilders Industries of Bangladesh

Family ties

The six-member board of MGI consists of Mostafa Kamal, his wife Beauty Akter and their four children. TanjimaBinthe Mostafa, one of the three daughters of Mostafa Kamal, is a director of Modhumoti Bank Limited.

Legal cases

It was alleged that Meghna Group Chairman Mostafa Kamal evaded crores of taka in taxes by under-invoicing import costs of milk products. The Anti-Corruption Commission questioned Mostafa Kamal in connection with this tax evasion and money laundering case in 2014.

There is also an allegation against Meghna Group of setting up industrial structures grabbing the bank of River Meghna. MGI-owned Meghna Economic Zone is located on the bank of River Meghna and it is a major source of pollution of the River. 

Sources:

Meghna Group of Industries, About us, accessed July 20, 2020.

Prothom Alo, ???????????????????????????????????????????????????????????????????????????????????????????????????????????????,October 20, 2013

The Daily Star, ???From catkin field to the model economic zone??? March 1, 2020.

Dhaka Tribune, ???Meghna Group chair faces ACC interrogation??? October 27, 2014.

The Daily Sun, ???Meghna Group grabs Meghna??? September 14, 2019.

Sangbad, ????????????????????????????????????????????????, September 02, 2019.