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‘One person’s conspiracy caused World Bank to pull out fund’     
February 14th, 2017 at 10:22 pm
‘One person’s conspiracy caused World Bank to pull out fund’     

Dhaka – Prime Minister Sheikh Hasina has said one person’s conspiracy had caused the World Bank to withdraw its promised fund from Bangladesh’s mega Padma Bridge project.

The Prime Minister’s remark came Tuesday, three days after a Canadian court acquitted three executives of a company accused of corruption in the Bangladeshi infrastructure project. The World Bank pulled out its 1.2 billion US dollar fund after the allegations, which was termed unfounded, rumors and speculative by the Canadian court.

“It is because of this person that the World Bank pulled out,” Hasina told the meeting of the Executive Committee of the National Economic Council regretting that the project could have been finished two years ago had the financing came on the right time.

“We expected World Bank financing for it,” she said.

Hasina did not mention name of the person. But her son, Sajeeb Wazed Joy, on Saturday accused Bangladesh’s Nobel Laureate Muhammad Yunus of hurting Bangladesh’s interest.

Based on the graft allegations a case was started in a Canadian court against SNC-Lavalin. The company was accused of bribing Bangladeshi officials to secure contracts in the project in 2010-11.

Bangladesh government earlier rejected the World Bank allegations and started its own financing for the project. Nearly 40 per cent of the project work is completed by this time, according to a minister in charge of the Road and Bridges authorities.

It is now proved that those allegations were fabricated only to hinder our work, said Hasina adding that project would have been finished by now.