Business

Govt appoints administrator to Nassa Group

The administrator has been tasked with clearing workers’ due payments
Nassa Group administrator Arif Ahmed Khan

The government today appointed Arif Ahmed Khan, additional inspector general of the Department of Inspection for Factories and Establishments (DIFE), as administrator to Nassa Group to complete the payment of dues to the group's workers.

The labour and employment ministry shared the information through a circular today.

Payments to the group's workers have been held up for a few months, as the owner of the group, Nazrul Islam Mazumder, is currently in jail.

Nassa Group employs more than 30,000 workers in its textile and garment operations, alongside interests in banking and real estate.

Workers of its garment units have been demanding unpaid wages.

According to media reports, the group has been paralysed since the regime change in August last year, with factories closed and unpaid bank loans exceeding thousands of crores of taka.

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