The State-run Power Grid Company of Bangladesh Ltd (PGCBL) imported tower bolts, nuts, and washers from India at an exorbitant cost, 1,619 times the contract value. Customs flagged the inflated price of $2,39,695 against the actual cost of $148. PGCBL attributed the discrepancy to a mistake in previous shipments and sought re-export. However, customs officials found inconsistencies in their claims, noting the appointment of a clearing agent and lack of relevant documents. PGCBL officials blamed the Indian supplier for the high prices, while authorities await verification of payment and import permissions. Experts suggest such corruption facilitates money laundering, often involving project contractors and government officials.
Bangladesh
93 words · 31 secBFIU Seeks Salman Muktadir’s Bank Account Details Within an Hour
The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to provide popular YouTuber Salman Muqtadir’s account details, account opening form and transaction statements within 30 minutes. A commercial bank confi…
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