Japan's development agency JICA has warned it may suspend funding for Bangladesh's Matarbari coal-fired power plant project, following corruption allegations involving a former project director.
In a letter to Bangladesh's Economic Relations Division (ERD), JICA requested responses to seven specific questions by 4 June. Failure to respond within this timeframe could lead to a suspension of the loan.
The Anti-Corruption Commission (ACC) has filed a case against Jahangir Alam, who served as the project director for the road construction component of the Matarbari project from 2022 to 2024.
He is accused of amassing illegal wealth worth Tk 29 crore and conducting suspicious transactions totalling Tk 127.35 crore through 94 ]bank accounts.
