Al-Muslim Group, a Bangladeshi apparel manufacturer, has denied the allegation of money laundering by its associate company AKM Knitwear.
The Group's denial came following news reports on the allegation of money laundering involving Tk 1.75 billion.
At a press conference in the city on Thursday, Managing Director of Al-Muslim Group Md Abdullah said someone had complained against the Group and the Anti-Corruption Commission (ACC) decided to investigate the allegation.
"But it doesn't mean that Al-Muslim Group is involved in money laundering," he said, adding that they are open to any investigation.
He also called on the media not to tarnish the image of the Group by publishing speculative news before the investigation is complete.
A group of people have been hatching conspiracy to harm the reputation of the company, he added.
Responding to a question from reporters, Mr Abdullah questioned why the Al-Muslim Group was singled out while the ACC has decided to investigate a total of 63 business firms over similar allegations.
He, however, said he would not take any legal action against the ACC or any media house for publishing the reports.
The ACC launched an investigation into the allegation of money laundering by a section of apparel unit owners using fake documents against exports and imports last month.
It will scrutinise the details of 63 readymade garment (RMG) units that were allegedly abusing the bonded warehouse facilities, and examine the audit reports of 29 other factories.
In a letter, the ACC sought details about the factories from the National Board of Revenue (NBR).
Meanwhile, it formed a three-member committee to investigate the allegations of siphoning US$ 7.53 billion (equivalent to Tk 640 billion) out of the country through trade transactions.