BSRM controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Groundwater dispute in Mirsharai
Local residents blamed deep-tube-well extraction by BSRM Steels for declining groundwater levels. BSRM denied causing the shortage and cited the common use of deep wells in the area.
2019
Duty-drawback allegations
The National Board of Revenue alleged that locally sold steel had been presented as export goods to obtain more than US$13 million through duty-drawback facilities. The supplied material does not state a final adjudication.
2019
VAT underpayment allegations
A VAT intelligence investigation alleged that two BSRM-related institutions avoided BDT 6.62 crore in VAT between July 2016 and June 2019. The reference states that VAT and interest were paid in December 2021.
2018
Environmental fine over alleged hill cutting
The Department of Environment reportedly fined BSRM-related operations for alleged destruction of roughly 105,000 square feet of hills in Mirsharai connected with development of a power plant.