Type GOVT. Headquarters Dhaka, Bangladesh Official language Bengali | Legal status Welfare Trust Region served Bangladesh | |
Bangladesh Army Welfare Trust is a trust owned and operated by Bangladesh Army. It owns a number of businesses including hotels and Gas station and golf clubs.
History
The trust was established in June 1998 modelled on Pakistan Army Welfare Trust. The BBC estimated the commercial enterprise of Bangladesh Army to be over 30 billion taka. The trust was founded to look after the interests and welfare of retired military personals. The organization under the trust include hotels, golf clubs, filling stations, Trust Bank Limited and shopping complex. The Trust started a bus service in 2014. The BBC did a 9-part documentary called Probaho that examined military commercial ventures including those of the trust. Mongla Cement is owned by the trust. In 1999 the Trust established Trust bank limited. The involvement of the trust and Bangladesh army in business has faced criticism. The trust owns the Radisson in Dhaka and Chittagong.