Allegations of money looting and embezzlement are there in the name of research and development work on renewable energy funded by the World Bank and the Infrastructure Development Company Limited (IDCOL). A total of 13 projects worth taka $1 million (taka 8.57 crore) have been implemented. However, none of these except one have commercial expansion. Most of the projects have become out of use. Besides, a project has been sold out illegally by the researcher.
The main task of IDCOL, as a government institution, is to provide loans, create entrepreneurs and do business. But in the name of research, they are embezzling money. There are other government institutions for research. Then how did IDCOL get the responsibility? Do they have the ability to do research?
Time has come to take strict measures against the
powerful clan inside IDCOL
IDCOL officials are allotting work to their favoured ones in illegal way. Corruption in big scale has crept around the IDCOL. Low quality equipment is being used in various projects without supervision. IDCOL has created a mismanagement in the renewable sector.
The government should now increase their supervision on IDCOL and save countless amount of money from embezzlement. Law enforcement agencies must stop neglecting this issue and bring people to justice who are involved but still get away with this crime because of their political or other influential connections. It is time to go after the culprits without any fear or favour.
Tangible action should be taken to save this organization from deep hole. However, time has come to take strict measures against the powerful clan inside IDCOL who consistently get away with their wrongdoings. Top bosses of IDCOL must be held accountable for the level of mismanagement and irregularities that happen in their organisation.
