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FRIDAY, JULY 25, 2025
Tk303cr financial loss estimated in Bangabazar fire

Bangladesh

Md Jahidul Islam
11 April, 2023, 07:20 pm
Last modified: 13 April, 2023, 02:34 pm

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Tk303cr financial loss estimated in Bangabazar fire

The report of the investigation committee of Dhaka South City, which was formed to investigate the cause of the fire in Bangabazar and assess the extent of damage, says that the fire may have been caused by cigarette or coil fire

Md Jahidul Islam
11 April, 2023, 07:20 pm
Last modified: 13 April, 2023, 02:34 pm
Photo: TBS
Photo: TBS

​​​​​​The financial loss from the devastating fire that burned down Bangabazar Complex Market is estimated at Tk303.05 crore, according to the probe report of the Dhaka South City Corporation (DSCC).

Also read: Bangabazar fire originated from embroidery shop in Adarsha Market's 3rd floor: DSCC probe body

The amount includes the damage to goods and infrastructure of the market complex and its adjacent structures.

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The report mentioned that the probable cause of the fire is a cigarette or mosquito coil and ruled out electric short circuits as a reason. 

The report also identified a tailor shop on the second floor of Adarsha Unit of the market complex as the origin point of the fire. 

According to the investigation report, the fire caused a financial loss of Tk288.35 crore by burning down goods stored at 3,845 shops in seven markets of the complex. 

A further Tk14.70 crore loss came from the damage to infrastructures, including Tk1 crore to Anexco Tower.

However, according to the investigation report, Anexco Tower will not be filing a damage list as most of the shops in the market have insurance.

The other damaged markets are- Gulistan Unit, Banga Unit, Mahanagari Unit, Adarsha Unit, Mohanagar Shopping, Complex, Banga Islamia Market, and Banga Homeo Complex.

The Dhaka South formed an investigation committee on 4 April to probe the cause of the fire and determine the amount of damage after preparing a list of the victims.

The committee handed over the report to Dhaka South Mayor Sheikh Fazle Noor Tapas on Tuesday.

The eight-member probe committee, however, did not include any Fire Service official or fire expert.

The city corporation has also revised the number of victim traders to 3,845, which earlier was estimated at around 4,200.

Immediately after the fire on 4 April, Md Enamur Rahman, state minister for Disaster Management and Relief, at a briefing, said that around 5,000 traders were affected in the fire.

About the inconsistency of the victim traders figure, Dhaka South City Zone-1 Executive Officer Merina Nazneen, who is a member of the probe committee, said that the victims' lists were provided by the shop owners' associations and the probe committee compiled them before submission.

Merina said that the DSCC has lists of traders of Bangabazar Shopping Complex and they crosschecked it with the lists provided by the leaders of shop owners' associations.

She said the list includes traders from all affected markets except those in Annexco Tower. 

Meanwhile, the fire devastated site of Bangabazar Shopping Complex is being prepared so that the affected shop owners can resume their business from makeshift shops from today.

Dhaka South Mayor Taposh is scheduled to inaugurate the makeshift shops in the afternoon.

Asked about the DSCC findings, Fire Service Deputy Director Dinomoni Sharma, who is also part of the Fire Service formed probe team, said their investigation is yet to find anything like this.

"We are still recording statements of witnesses and cannot come up with anything concrete over the fire,' Dinomoni said.

The report recommended any wooden market under the Dhaka  South should be concreted or paved quickly.

It also suggested adequate fire fighting systems and the installation of water hydrants at four places in markets by connecting water reservoirs and pipes to the underground.

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Bangabazar market fire

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