'Tk 120 billion Bangladesh Bank audit anomaly' comes to light

A failure to follow financial norms relating to forex transactions, salary allowances, utility bills and other areas has bred an anomaly of Tk 120 billion in the Bangladesh Bank audit, the Committee on Public Undertaking audit objection report has revealed.

Staff Correspondentbdnews24.com
Published : 10 May 2016, 06:43 PM
Updated : 10 May 2016, 06:43 PM

The audit objection came to light at a meeting of the committee held at Parliament on Tuesday.

The committee has called for quick resolution of the issue.

Committee member Abdur Rouf told journalists, “The committee has stressed the resolution of the audit objection as early as possible” and added that representatives of Bangladesh Bank and those involved in the objection would hold a tripartite meeting at the Office of the Comptroller and Auditor General in this regard.

“The next meeting would seek to know about the progress on this issue as well as on Hall-Mark and BASIC Bank corruption. Bangladesh Bank is not overseeing the issue sufficiently, the committee believes”, he said.

The report on the unsettled audit objections for the period 2010-2015 says that a total of 1,294 audit objections worth over Tk 110 billion arising during the period are yet to be settled.

Most of these objections relate to salary allowances.

The report is signed by the finance ministry’s Deputy Secretary for the Bank and Financial Institutions Division, Niyaz Rahman.

The committee also observed various anomalies relating to foreign exchange transactions during export and import and said that the money involved does not find mention in the central bank audit, which has led to the fiasco.

The committee also expressed dissatisfaction over the failure to arrest any hacker yet in the Bangladesh Bank reserve heist case.