Financial Analysis of Padma Bridge

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THE PADMA BRIDGE ISSUE The Padma Bridge Issue (A Dream or a Scandal) Submitted To: Mr. Md. Najmul Hasan Lecturer Department of Banking & Insurance University of Dhaka Submitted By: Group-11 Name I.D Signature MD. Jamal Hosen 16-056 MD. Shafiqul Islam 16-096 Masudur Rahman 16-094 M.M. Azizur Rahman 16-079 Zual Rana 16-079 Date of Submission: 16 October, 2012 16th October, 2012 Mr. MD. Najmul Hasan Lecturer Department of Banking University of Dhaka Subject: Report on “Padma Bridge Issue”. Sir, Here is the term paper on “Padma Bridge Issue” that you assigned us to prepare. In this term paper we have taken the information of Padma Bridge from primary & secondary sources. We have tried to show that…show more content…
The lender also suspends financing. After that The Royal Canadian Mounted Police (RCMP) launch an investigation against SNC-Lavalin following a WB request, raid the company’s office, seize all documents from there and arrest former chief executive Pierre Duhaime, Bangladeshi-born Canadian citizen Ismail Hossain and Indian-born Canadian citizen Ramesh and on December 5, 2012 Syed Abul Hossain removed from the communications ministry and given the charge of ICT ministry. According to RCMP, the SNC-Lavalin had offered at least six influential Bangladeshis huge bribes to obtain the consultant’s job in the Padma bridge project. They are —  Abul Hossain  Abul Hasan Chowdhury  Mosharraf Hossain Bhuiyan, ex-secretary of the Bridges Division of the communications ministry  Rafiqul Islam ex-director of Padma Multipurpose Bridge project  Mujibur Rahman Chowdhury alias Nixon Chowdhury, civil contractor  Ziaul Huq, managing director of Engineering and Planning Consultant Ltd (CEP), who represented SNC-Lavalin in the Padma bridge tender. But The ACC has said that its investigation found no tangible evidence of corruption in the project and that it did not find any proof of corruption against Abul Hossain. ACC Secretary Faizur Rahman Chowdhury says the ACC had launched two separate investigations on the Padma bridge project.  One is on the construction of the bridge  The other on the appointment of a consultant

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