Fortune Group has officially closed its Anan Shoes factory in Gazipur’s Sripur area, citing continuous financial losses and production disruptions. The company announced the shutdown after facing severe economic challenges linked to import-export complications. Over 300 employees were affected, with some reassigned to other Fortune Group units in Barishal and Dhaka. The company began operations in 2012 with 472 workers and expanded into a group of multiple shoe factories across Bangladesh.

Unnamed sources alleged that despite earning large profits, many employees had not received salaries for months, and the company’s chairman, Mizanur Rahman, allegedly laundered significant sums abroad while residing in Canada. However, a company official denied the money laundering claim, attributing the crisis to liquidity problems at Islami Bank that disrupted trade operations. Mizanur Rahman, who also holds political positions, declined to comment when contacted.

The closure has left many employees struggling financially, with several months of unpaid wages. The company has expressed hope that the situation will improve once financial constraints ease.