The government has decided to sell properties owned by Nassa Group to clear outstanding wages and service benefits for its workers, Labour and Employment Adviser M Sakhawat Hussain said on Sunday.

A sale of assets will be carried out in accordance with court directives, the adviser said at an Advisory Council Committee meeting on reviewing conditions of industrial units in Beximco Industrial Park, held at the Secretariat.

Nassa Group has so far paid Tk 76 crore to workers by selling company shares through a court-appointed administrator, a ministry press release quoted him as saying.

The group has also made down payments to eight banks under instructions from the Bangladesh Bank.

Remaining payments to another 15 banks and the settlement of outstanding worker arrears will be addressed through the sale of Nassa Group assets via open and competitive processes, following court guidance.

The group, which employed more than 30,000 workers in textile and garment operations and also has stakes in banking and real estate, faced financial turmoil after its chairman, Nazrul Islam Mazumder, was arrested in October 2024 over a murder case linked to the July uprising.

Media reports indicate that most of Nassa’s operations have remained paralysed since the change of government in August 2024, with factories shuttered and unpaid bank loans mounting to several thousand crore taka.

Earlier, the Bangladesh Financial Intelligence Unit alleged Mazumder’s involvement in trade-based money laundering worth about Tk 16,000 crore, including Tk 4,717 crore reportedly siphoned from EXIM Bank through 18 shell companies during his tenure as chairman from 2007 to August 2024.