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Bangladesh, with a forest cover estimated at 17.08% of all land surface area, has experienced massive degradation of its natural resources and a considerable change in its land cover. While deforestation in Bangladesh is obviously a complex issue, one important aspect emerges from previous research findings in explaining deforestation: industrialization. This study focuses on the causes of deforestation in Bangladesh, particularly in tropical moist deciduous Sal forests, using multi levels factor analysis framework. Data were collected through questionnaire surveys, formal and informal discussions with local people, expert interviews and literature reviews. The main findings of deforestation framework show that illegal logging and forest land conversion were the ultimate causes of Sal forests deforestation in Bangladesh. Illegal logging is a complex phenomenon and is being patronized by a local syndicate, functioning from behind the scenes. On the other hand, land conversion into different commercial activities has direct influence on national policy and the predisposing conditions of this country. Therefore, the immediate task of the nation would be to stop illegal logging and land conversion of Sal forests. This can be done by involving all relevant stakeholders in the form of effective forest policy formulation and execution of strict environmental protection law.