The Anti-Corruption Commission (ACC) has accused four people of collusion and corruption in state-owned sugar mills. Ahsan Siddique, chief engineer for Bangladesh Sugar and Food Industry Corporation (BSFIC), Madhab Chandra Mondol, current general manager of Natore Sugar Mill and former general manager of Kushtia Sugar Mill, Abul Kashem, purveyor of machinery to Kushtia Sugar Mill, and Dilip Chandra Saha. Kushtia ACC Deputy Director Lutfar Rahman said: “The sugar mills of Bangladesh face impending destruction. Everyone, will face the music eventually.”Almost all the state-owned sugar mills in Bangladesh have been reporting record losses for decades. In the 2016-2017 fiscal year, it cost the Kushtia Sugar Mill Tk325 to produce each kilo of sugar, to be sold at Tk60.

Source: Dhaka Tribune March 22, 2018 13:30 UTC