#  Merchandise valued at 16,000 Taka was imported for 2.63 crore Taka.

> 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 agains…

Published: 2024-06-25 · Desk: Bangladesh · Source: The Daily Star

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.

Original reporting: https://www.thedailystar.net/news/bangladesh/news/goods-worth-tk-16k-imported-tk-263-crore-3603631?fbclid=IwZXh0bgNhZW0CMTAAAR3c2sMBL7pXWIRjy6xP5OTfgr9J_XDi_8xVSeUFMlEDmFk8pcCMy5lvihI_aem_AboUK5Ap15PK44coMGhlQYO_N9SE1kWn1zKL-y_ocEVngiIL1Vbs6RbH8UEmnzrbrIC6lrwUq1lgIkIx3XG0ifyQ
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