ACC to probe auditing firms over Tk 122bn embezzlement

The Anti-Corruption Commission (ACC) is going to investigate the role auditing firms played in the "embezzlement" of Tk 122 billion through corruption and irregularities in banks, the share market, and financial institutions, reports bdnews24.com.

The anti-graft agency has called for documents from 10 CA firms who stand as suspects in IPO forgery and bonus share fraud. ACC Director General Md Akhtar Hossain confirmed on Wednesday that a committee was formed to conduct the inquiry. AKM Mahbubur Rahman, an ACC deputy director, is the leader of the probe team.

According to the ACC, a letter has already been sent to the president of the Institute of Chartered Accountants of Bangladesh (ICAB) requesting information for the ongoing investigation.

The list of 10 CA firms includes ACNABIN, A Qasem & Co, Rahman Rahman Huq, Hoda Vasi Chowdhury & Co, MJ Abedin & Co, MABS & J Partners, and Howladar Yunus & Co.

ICAB President NK A Mobin did not have an immediate comment on the matter.