• Monday, Nov 19, 2018
  • Last Update : 11:49 pm

Muhith: Only 3kg gold in Bangladesh Bank vault adulterated

  • Published at 08:50 pm July 24th, 2018
Finance Minister AMA Muhithmahmud-hossain-opu-mg-6147-1529522107198.jpg
Finance Minister AMA Muhith Mahmud Hossain Opu/Dhaka Tribune

The customs intelligence's allegations are absolutely useless, the minister says

Finance Minister AMA Muhith on Tuesday said only 3kg gold out of the 963kg stored in the Bangladesh Bank vault was adulterated.

"The central bank does not have any problem and the allegation of gold adulteration in its vault is absolutely useless," Muhith said while talking to reporters after the second session of the Deputy Commissioners' Conference.

In a report submitted to the Bangladesh Bank earlier this year, the Customs Intelligence and Investigation Directorate (CIID) said gold coins and rings, deposited in the central bank in 2015, were tested and found to be made of 80% pure gold at that time. But when the CIID team tested the same rings and coins in 2017, they found 46.66% gold in them.

A national Bangla daily reported on the irregularities, eliciting a strong protest from the central bank, which said CIID's findings were faulty.


Also Read- CIID report reveals shocking irregularities in Bangladesh Bank vault


The second session of the Deputy Commissioners' Conference was held between the deputy commissioners and top officials from all the divisions of the Finance Ministry.

Talking about the outcome of the session, the minister announced that all the project directors will be able to disburse the first 2-3 installments of their project's allocated budget from July without requiring clearance from the Finance Ministry anymore.

The DCs have been instructed to implement all the related development projects accordingly from now on, Muhith said.

Regarding complaints from the DCs, Muhith said they had complained to him about the dire condition of their allocated quarters and offices.

He said it would not be possible to repair and renovate all of them at once but it would all be done gradually.