A staggering Tk2.8 lakh crore has been syphoned off by bribes and extortions from funds allocated for procuring items and products and companies under construction tasks, in step with a White Paper on the advise of Bangladesh’s economy.
The ideal draft of the document, which was submitted to the manager adviser at the present time (1 December), estimated that between Tk1.61 lakh crore and Tk2.8 lakh crore was illicitly used over the final 15 years.
It published that spherical Tk7 lakh crore had been allocated for procuring items and products and companies in sectors reminiscent of street and bridge construction, energy infrastructure, hospitals, and tutorial products and companies.
Of this, between Tk77,000 crore and Tk98,000 crore had been paid as bribes to authorities officials, whereas Tk70,000 crore to Tk1.4 lakh crore was extorted by politicians and their friends.
Further sums had been spent on collusive funds.
The document highlighted noteworthy of this cash was transferred in cash or kind, both domestically and internationally, ceaselessly by contractors to bureaucrats and politicians.
In some cases, these funds are laundered international, facilitated by family connections of officials residing international.
It said domestically, significant portions of the illicit funds are invested in non-traceable sectors fancy accurate property, fisheries, agriculture, and transportation.
This lack of traceability hinders accountability and permits for the misuse of assets, raising issues about transparency and governance in the nation’s construction initiatives, the White Paper draft added.
