Adani Power: ACC investigates allegations of $400 million tax evasion, letters sent to power board, NBR
The Anti-Corruption Commission (ACC) of Bangladesh has launched an investigation into allegations of tax evasion amounting to $400 million involving India's Adani Group.
The alleged evasion reportedly occurred through tax and duty exemptions granted under a power purchase agreement signed with the ruling Awami League government.
According to ACC sources, the commission is now actively looking into the matter. Deputy Director Rezaul Karim has formally requested relevant documents from both the National Board of Revenue (NBR) and the Bangladesh Power Development Board (PDB).
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ACC Deputy Director Akhtarul Islam confirmed that letters have already been sent to the two institutions as part of the investigation process.
The agency is looking into the collusion of former prime minister Sheikh Hasina's principal secretary and then Power secretary Ahmad Kaikaus and other people related to the Power Development Board for this deal, he added.
