Several officials of the Palli Deridro Bimochon Foundation (PDBF), established to alleviate poverty in rural areas, have been accused of being involved in corruption and irregularities instead of working on poverty alleviation. He has been accused of embezzling loan money through fake documents, purchasing low quality products at high prices without calling tenders and depositing the organization’s money in his favorite agencies instead of banks.
A special study conducted by the office of the Controller General of Accounts (CAG) has cited 16 types of financial irregularities in the PDBF, which runs under the Rural Development and Cooperative Division. It said these irregularities resulted in a loss of about Tk 6.08 billion.
The CAG office prepared a study report on PDBF analyzing the accounts for the financial years 2017-18, 2018-19 and 2019-20. It said the irregularities resulted from lapses in management and not properly following financial provisions.
The agency has been accused of several serious irregularities, including not following public procurement rules (PPR), not maintaining the country’s laws and its own regulations, and irregularities in the collection and deposit of government funds. The organization itself.
The independent non-banking financial agency was established in 1999 under the Ministry of Rural Development and Co-operation.