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Date: 10th September 2025
The Director
Foreign Exchange Investment Department,
Bangladesh Bank, Head Office
Motijheel Commercial Area, Dhaka-1000.
Through: Prime Bank Limited, (Gulshan Branch) Plot # 01, Block- CEN(H), Road # 109, Gulshan Avenue, Gulshan, Dhaka-1212.
Subject: Explanation on Non-Receipt of Foreign Remittance and no submission of Encashment Certificates against contract.
Dear Sir,
With reference to the letter of Bangladesh Bank Letter No: FEID/ BR/729/2(B- 1444)/ 2024-3461, we would like to provide clarification regarding the receipt of payments against the projects executed by Sanyo Engineering & Construction Inc. (Bangladesh Branch).
Our branch office has undertaken and successfully executed several projects in Bangladesh for different clients including OSJI Joint Venture, Ship Aichi Medical Service Limited, Embassy of Japan, TOWA Personal Protective Device Bangladesh Ltd., Shimizu Corporation, TOA Corporation, and Bangladesh Honda Pvt. Ltd.
We hereby confirm that:
The branch office did not receive any payments from outside Bangladesh against the above-mentioned contracts.
All payments were received through local banking transactions inside Bangladesh from our clients’ bank accounts.
Since no foreign remittance has been received, the company does not have any encashment certificate to submit.
We trust this explanation clarifies the matter. Kindly consider this submission while reviewing our waiver request of condition no. 08 of the BIDA branch office permission letter.
We remain available for any further clarification or supporting documentation you may require.
Sincerely yours,
🗸
_____________________
MITSUO KAWASAKI
Country Manager
SANYO ENGINEERING & CONSTRUCTION INC.
(Bangladesh Branch Office)