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World


Bangladesh business tycoon Latifur Rahman dies at 75

Bangladesh business tycoon Latifur Rahman dies at 75

Dhaka, Jul 1 (UNI) Transcom Group Chairman Latifur Rahman (Shamim) passed away at his paternal home in Comilla, Chittagong, on Wednesday. He was 75.

He is survived by wife, two daughters and a son.

His Namaz-e-Janaza will be held at the Azad Masjid after Esha prayers. He was suffering from lung-related illness for a long time.

He was founder chairman and CEO of Transcom Group, a well-known and highly respected business house of Bangladesh.

Information Minister and Awami League Joint General Secretary Dr Hasan Mahmud expressed profound shock and sorrow at his demise.

In a condolence message, the minister prayed for eternal peace of the departed soul and conveyed deep sympathy to the bereaved family.

He was founding director of Mediaworld, the owning company of The Daily Star, and Chairman of Mediastar, the owning company of Prothom Alo, both leading English and Bangla news papers of the country. He was a driving spirit behind establishment of The Daily Star.

Transcom Group deals with beverages, electrical and electronics products, pharmaceuticals, fast food, snacks and breakfast cereals, print media, FM radio and tea plantations.

Rahman was a member of the executive board of ICC-Paris, vice president of ICC-Bangladesh and member of Brac's governing body. The renowned businessman was also a member of the Bangladesh Better Business Forum and Advisory Committee on World Trade Organisation.

Rahman was also president of the Metropolitan Chamber of Commerce and Industry, Dhaka for seven terms and of Bangladesh Employer's Federation.

He was also chairman of the Bangladesh government's Trade Body Reforms Committee and a member of Bangladesh Bank's executive board.

He started his career in 1966 in his family-owned jute mills in Chandpur district. He worked as an executive in the mills until 1971. He established Transcom Group in 1973 after W Rahman Jute Mills, the major earning source for the Rahman family, was nationalised in 1972.

UNI MAZ GK 1856

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