A major drug company from Switzerland finds itself caught up in a messy government website scandal that has investors crying foul. Novartis Bangladesh Limited vanished completely from the official business registration portal without any warning or explanation from authorities. The pharmaceutical giant cannot even be found when people search for its name on the government site. Legal experts are calling this move totally illegal and way beyond what registration officials should be doing. Foreign investors are screaming about harassment and demanding answers from Bangladesh officials.
The company tried to fix the problem by sending two separate letters to government offices in late June. Both letters explained that no lawsuits or legal troubles were blocking the business from operating normally. Officials received these formal requests but have done absolutely nothing to restore the company profile. Registration chief AKM Nurunnabi Kabir admitted he had no clue why the profile disappeared and promised to check with his office staff.
Company law specialists warn this weird situation stops important business activities like transferring company shares between owners. Deputy Attorney General Ershadul Bari slammed the move as completely against the law since no court orders exist against Novartis. Business leaders worry this kind of regulatory mess will scare away other foreign companies thinking about investing in Bangladesh. The incident highlights serious questions about whether government agencies follow proper legal procedures when dealing with international businesses.
The company tried to fix the problem by sending two separate letters to government offices in late June. Both letters explained that no lawsuits or legal troubles were blocking the business from operating normally. Officials received these formal requests but have done absolutely nothing to restore the company profile. Registration chief AKM Nurunnabi Kabir admitted he had no clue why the profile disappeared and promised to check with his office staff.
Company law specialists warn this weird situation stops important business activities like transferring company shares between owners. Deputy Attorney General Ershadul Bari slammed the move as completely against the law since no court orders exist against Novartis. Business leaders worry this kind of regulatory mess will scare away other foreign companies thinking about investing in Bangladesh. The incident highlights serious questions about whether government agencies follow proper legal procedures when dealing with international businesses.
