Abdul Awal, an executive of the 35-year-old insurer, in which the IDRA chairman can be heard soliciting a bribe of Tk 50 lakh. The IDRA chairman, who was previously a senior officer at Delta Life Insurance, then brought down the amount allegedly to Tk 1 crore and later to Tk 50 lakh. A day later, after the Delta Life management did not respond to the call for the kickback, the IDRA chairman rejected the renewal of the CEO's contract. Then on December 7, Delta Life Insurance filed a complaint with Anti-Corruption Commission for illegal gratification sought by the IDRA chairman along with the audio clip and transcript. Shares of Delta Life, which has been listed since 1995, closed Sunday at Tk 72.5, down 1.5 per cent.

Source: Dhaka Tribune February 07, 2021 21:00 UTC