A Correspondent :
South Korea’s Kolon Corporation has been working as a contractor for various development projects in Bangladesh including WASA in Chittagong for a long time keeping the information confidential. In 2015, the US court in Washington DC fined “Colon Industries”, a subsidiary of South Korea’s Kolon Corporation, 360 million dollars for stealing valuable information. As this controversial institution is a partner in the development of Bangladesh, international relations and the image of the country may be threatened.
It is known that Colon Industries, a subsidiary of South Korea’s Colon Global Corporation, was caught by the United States Central Intelligence Agency FBI at one point in the United States, the Washington DC Assistant Attorney General Leslie Cardwell’s court blacklisted Colon Industries, a subsidiary of Colon Global Corporation, with a fine of $360 million.
According to a long report on the FBI’s website, Colon Industries admitted to the court that they were involved in the theft of valuable information in other countries around the world.
After investigation, it is known that “Colon Global Corporation”, a subsidiary of Colon Corporation, is working in government projects as a contractor in Bangladesh. Even now it is quite active to take up contracting work in several more projects. This company has also worked as a contractor for Wasa Karnaphuli water supply project in Chittagong, Rangunia. Colon Global Corporation has raised many controversies and problems during the implementation of the project.
There are clear allegations of concealment of various types of information in tenders, as well as numerous allegations against Colon of subcontractors who work with them and not paying their bills. Rangunia police station also has several cases against Kolon accused of various immoral activities including beating up workers, stealing contractor’s goods.
