Bangladesh’s Anti-Corruption Commission (ACC) has opened a high-profile investigation into allegations of nearly $400 million in duty evasion related to electricity imports from India’s Adani Group. The probe centers on claims that import duties and taxes were either waived or improperly bypassed, sparking concerns over regulatory misconduct at the highest levels of government.
Letters have been formally issued to the Power Development Board (PDB) and the National Board of Revenue (NBR) requesting comprehensive documentation tied to the deal. The ACC’s inquiry is examining the roles of Sheikh Hasina’s Principal Secretary, the then Power Secretary Ahmed Kaikaus, and key officials within the PDB who may have been involved in facilitating or concealing the alleged irregularities.
According to an earlier investigation by the NBR, by the close of the 2024–25 fiscal year, Bangladesh had incurred $397.37 million in duty and tax evasion from electricity imported through the Adani deal. The report also disclosed that exemptions were granted in violation of standard procedures and without proper oversight from the mandated regulatory bodies.
The transaction, widely criticized for its lack of transparency and alleged political favoritism, has drawn significant public and media scrutiny. The ACC has pledged a thorough investigation, signaling a rare move against powerful political and bureaucratic figures tied to controversial cross-border energy agreements.
Officials familiar with the matter suggest that the findings could reshape future oversight of foreign energy contracts and tax exemptions in Bangladesh. The ACC is expected to expand the investigation in the coming weeks, including interviews with current and former officials tied to the deal.
Courtesy: Channel 24
Bd-pratidin English/ Jisan
