Eight officials of Standard Asiatic Oil (SAOCL), a subsidiary of the Bangladesh Petroleum Corporation, have embezzled Tk 21.64 crore by showing advance cost and fake bill vouchers, found investigations by the Directorate of Power and Energy Audit and BPC.
The High Court today (November 6, 2022) wanted to know what action has been taken against the irregularities of Tk 472 crore by Standard Asiatic Oil Company, a subsidiary of the Bangladesh Petroleum Corporation (BPC).
The High Court yesterday asked what actions were taken by Bangladesh Petroleum Corporation against its subsidiary, Standard Asiatic Oil Company, regarding irregularities involving over Tk 472 crore.
The government has been deprived of Tk 472.7 crore for 21 counts of irregularities by Standard Asiatic Oil Company, a subsidiary of the Bangladesh Petroleum Corporation, found an audit.