Bangladesh business

Bangladeshi business magnate Latifur Rahman dies

Latifur Rahman

The country’s renowned businessman and industrialist Latifur Rahman died Wednesday in his village home in Chauddagram in Cumilla.

He was the founding director of Mediaworld, the company that owns the English newspaper The Daily Star, and chairman of Mediastar, the company that owns the Bangladeshi daily Prothom Alo.

Latifur, chairman of business conglomerate Transcom Group, died around 11:30 a.m., Transcom Group director Md Fakhruzzaman confirmed.

He was 75 years old.

Latifur Rahman’s death came unexpectedly on July 1, the day his 20-year-old grandson Faraaz Ayaaz Hossain died during the Gulshan cafe siege, which lasted 12 hours in 2016.

Latifur Rahamn was buried in the Banani cemetery in the capital after his namaz-e-janaza held at Azad Masjid in Gulshan after Esah’s prayer.

Latifur had long suffered from lung disease, according to his family.

He left behind a wife, a son and two daughters to mourn his death.

Latifur was born on August 28, 1945 in Jalpaiguri, India, and raised in Gendaria after his family moved to Dhaka after the partition of Bengal.

Various business bodies, social organizations, cabinet members, politicians, business leaders and prominent figures expressed deep shock at his death and prayed for the eternal peace of his deceased soul.

Latifur was the founding chairman of the Transcom group which owns 13 companies active in the electronics and electrical products, food, beverage, pharmaceutical, tea plantation, consumer goods, commerce and distribution, print media and FM radio, currently employing more than 10,000 people, according to the group’s website.

Initially, Latifur attended St Francis School in Dhaka and then studied at St Edmund School in Shillong and St Javier College in Kolkata from 1956 and returned to Dhaka in 1965.

He started his career as an intern at his family business W Rahman Jute Mills in 1966 and worked as an executive until 1971.

In 1972 he started his own business with almost empty hands and later in 1973 he established the Transcom Group and over the next 48 years his company Transcom Group grew into one of the most important and diversified trading companies. the fastest growing country in the country.

In addition to numerous awards and accolades, Latifur received the Oslo Business for Peace Prize, considered the Nobel Prize for business professionals, in 2012.

He received the “SAARC Outstanding Leader” award from the CEO Awards of India and the Lifetime Achievement Award from the UK Business and Industry Catalysts Bangladesh.

He was also president of the Metropolitan Chamber of Commerce and Industry for several terms. He was also president of the Bangladesh Employers’ Federation and director of the Bangladesh Federation of Chambers of Commerce and Industry.

Latifur was also a member of the board of directors of the International Chamber of Commerce-Paris, vice-president of ICC-Bangladesh and a member of the governing body of BRAC.

He was a member of the Bangladesh Better Business Forum and the World Trade Organization Advisory Board.

He has also served as Chairman of the Bangladesh Government Trade Bodies Reform Committee and a member of the Board of Directors of the Bangladesh Bank.

Transcom group companies include Eskayef Bangladesh Ltd, Mediastar Ltd, Transcom Beverages Ltd, Transcom Distribution Co Ltd, Transcom Foods Ltd, Transcom Electronics Ltd, Transcom Consumer Products Ltd, Bangladesh Lamps Ltd, Mediaworld Ltd, Tea Holdings Ltd, Reliance Insurance Ltd, Transcraft Ltd and Bangladesh Electrical Industries Ltd.

The Bangladesh Federation of Chambers of Commerce and Industry, Dhaka Chamber of Commerce and Industry and the Liberation War Museum have expressed deep shock in separate messages of condolence following the death of the iconic figure of the business.

Minister of Finance AHM Mustafa Kamal, Minister of Information Hasan Mahmud, General Secretary of Bangladesh Nationalist Party Mirza Fakhrul Islam Alamgir, Minister of Expatriate Welfare and Overseas Employment Imran Ahmed, among others, expressed their condolences following the death of Latifur Rahman.

In a condolence message, FBCCI President Sheikh Fazle Fahim recalled Latifur Rahman’s contribution to commerce, business and industry and said his passing was a great loss for the nation and the country. He prayed for the eternal peace of his dead soul.

The Metropolitan Chamber of Commerce and Industry said in a message: “MCCI is deeply saddened by the passing of Latifur Rahman, the famous industrialist and business icon of the country and distinguished former president of MCCI.”

In a condolence message, DCCI President Shams Mahmud said Latifur has made an outstanding contribution to business development, industry and investment as well as employment opportunities in the country through his hard work, dedication and integrity throughout his life.

The Liberation War Museum in its message of condolence recalled its contribution to the creation of the museum.

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