Uzzal Kumar Nandi, chairman of Individuals’s Leasing and Monetary Companies (PLFS), informed a Justice of the Peace final week that sure Bangladesh Financial institution officers took the cash in bribes between 2009 and 2015.
“To bury [other] misdeeds within the PLFS, a deputy governor, a normal supervisor, and others of the central financial institution got about Tk 6.5 crore between 2009 and 2015,” he stated.
However chartered accountancy agency HodaVasi Chowdhury & Co stated it present in an audit that the cash was taken illegally by members of the PLFS board of administrators.
PLFS employed HodaVasi in November 2015 for the audit. The latter submitted the report the next 12 months.
Tormented by the a number of monetary scams, PLFS is now within the strategy of being liquidated. Individuals who have been within the administration of the leasing firm between 2009 and 2015 confirmed on papers that the Tk 6.5 crore went into enterprise growth, specifically to purchase presents for purchasers.
The audit report stated, “We have now seen that vouchers ready for the quantity paid for the members attended in board conferences (recorded as administrators’ charge and remuneration) have been affixed to the vouchers ready for the quantity paid to the valued purchasers of PLFS (recorded as enterprise growth expenditure).
“Moreover, whereas cross-checking the ledger of enterprise growth expenditure with board minutes of PLFS, we now have recognized that the quantity has been paid (for valued purchasers of PLFS) when the board assembly of PLFS was held on.”
Primarily based on paperwork and vouchers, the accounting agency got here to the idea that the cash was illegally withdrawn for the board assembly functions.
Contacted, M Moazzam Hossain, who was the chairman of the 11-member PLFS board between April 2013 and November 2015, stated the audit report was fully fallacious.
“There’s a sturdy hyperlink between HodaVasi Chowdhury & Co and Uzzal [PLFS chairman who said the money was spent in bribes] because the latter was as soon as an audit supervisor there,” he stated.
Sk Md Tarikul Islam, who led the audit, stated that the report was primarily based on proof.
He added that he was not allowed to reveal any extra info of a shopper.
In keeping with the audit report, the previous administrators took the cash and made vouchers of expenditure at 92 board conferences between 2009 and 2015.
In the meantime, an investigation report by the central financial institution discovered that Moazzam was additionally concerned in siphoning off Tk 123 crore from PLFS. That inspection was carried out in 2014.
The next 12 months, the central financial institution eliminated 5 PLFS administrators as a result of their alleged involvement in embezzling Tk 358 crore.
When his consideration was drawn to this, Moazzam stated somebody had framed him.
In his confessional assertion, Uzzal stated Proshanta Kumar Halder, higher often called PK Halder, had persuaded Moazzam to give up because the chairman by giving him Tk 12 crore.
The Anti-Corruption Fee (ACC) has been investigating Halder’s involvement in siphoning off round Tk 10,000 crore from 4 monetary establishments between 2009 and 2019.
Moazzam denied these allegations too.
“I didn’t take bribes. I offered my shares for Tk 15 crore. However I’ve but to get Tk 6 crore of the quantity. I served them a authorized discover to this finish.”
Uzzal stated in his assertion that Shah Alam, then normal supervisor of Bangladesh Financial institution’s Division of Monetary Establishments and Markets, took bribes from PLFS.
The deputy governor and Shah Alam helped scamsters in alternate of Tk 6.5 crore, he stated.
Shah Alam was relieved of his duties on February four over his attainable hyperlinks to PK Halder.
He stated, “I didn’t take bribes. I joined the division as GM in September 2013. However the quantity talked about by Uzzal was spent between 2009 and 2015.”
Md Serajul Islam, an government director and spokesperson of the central financial institution, stated a fact-finding committee had been fashioned.
The committee will submit a report in three months, he added.
The central financial institution commenced liquidating PLFS in July 2019 after it knowledgeable the central financial institution that it could not be capable of pay again the depositors.