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BPC forms committee to probe Tk4,813cr deposits in troubled banks
Seeks recommendations to recover the FDRs from the distressed banks
Daily Sun Report, Dhaka
Published: 08 Nov 2026, 12:00 AM
The Bangladesh Petroleum Corporation (BPC) has launched an investigation into Tk4,813.32 crore deposited by the state-owned corporation and its subsidiaries in financially distressed private banks, seeking to establish whether the transactions involved irregularities and assess the risks to public funds.
A seven-member committee for the probe will examine the decisions behind the deposits, identify the officials who recommended them and determine why the troubled banks were selected.
The committee will also investigate whether anyone involved in the decisions and transactions received personal benefits, bribes or commissions through unethical dealings, particularly in connection with unusually high interest rate offers from the banks.
According to an office order issued on 3 November, signed by BPC Secretary Shahina Sultana, the committee has been asked to recommend measures to recover the money held in fixed deposit receipts (FDRs) at the distressed banks.
Naznin Parveen, BPC director (finance), has been appointed convener, while Shahina Sultana will serve as a member of the committee.
The other members are Reza Md Riazuddin, general manager (marketing) of Meghna Petroleum Limited; Md Shafiul Azam, deputy general manager (audit) of Padma Oil Company PLC; Kabir Uddin Ahmad, deputy general manager (cost and management) of Eastern Refinery PLC; and Mohammad Abu Said, manager (accounts) of Jamuna Oil Company PLC.
Md Al-Amin, BPC manager (accounts/fund), has been appointed member secretary.
The committee has been instructed to submit a comprehensive report to the BPC chairman within one month of its formation.
The panel will also propose safeguards to protect BPC and its subsidiaries’ fixed deposits in the future, including a framework for selecting banks based on their financial health and reliability.
The investigation comes amid concerns over the safety of a substantial amount of public money deposited with financially distressed private lenders.