Three officials, including Toyota Bangladesh Managing Director Premit Singh, have been granted bail after surrendering before a Dhaka court in a case alleging fraud and breach of trust. The other two officials are Akio Ogawa, Vice President of Toyota Tsusho Asia Pacific, and Asif Rahman, General Manager of Toyota Tsusho Corporation. The bail was granted on March 5, 2026, by Additional Chief Metropolitan Magistrate Joshita Islam, with each posting a bond of 1,000 taka.

The case was filed on July 9, 2025, by Shafiul Islam on behalf of Navana Limited, accusing the officials of engaging in fraudulent activities that harmed Navana’s business interests. According to the complaint, the accused allegedly presented biased reports on market conditions and performance to undermine Navana’s exclusive distributorship of Toyota vehicles in Bangladesh. The Police Bureau of Investigation (PBI) later confirmed the allegations in its report.

The PBI report stated that the accused intentionally delayed vehicle production and withheld mandatory manufacturer invoices, disrupting Navana’s import and supply operations and causing financial and reputational damage to the company.