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Gulistan-Jatrabari 'flyover’ grounded: Bank guarantee found fake, sub-contractor cries foul
Staff Reporter
The construction of the seven-kilometre Jatrabari-Gulistan flyover was cancelled as the Dhaka City Corporation detected fake bank guarantee submitted by the contractors- the Orion Group and Belhasa-Acom.
A local sub-contractor at a press briefing in the city yesterday claimed that his company had been swindled of Tk five crore due to the cancellation of the project.
The Dhaka City Corporation (DCC) at a meeting on Sunday decided to cancel the project, as they found the bank guarantee submitted by the contractors to be fake.  |
Rice market still unstable
Staff Reporter
Prices of almost all kinds of rice have increased by Tk 2 to Tk 3 per kilogram as both the wholesale and retail markets have now become dependent on rumour and speculation instead of facts.
Depending on the speculation that rice prices may go up soon, producers, wholesalers and retailers have been raising the prices of both coarse and fine varieties of rice everyday.
As the rice prices have been showing upward trend, a sense of panic has now gripped the country's people though the government has ruled out any possibility of rice price spiraling in the context of bumper boro harvest. |
$300m hard-term loan for BPC Staff Reporter
The government yesterday approved a hard-term borrowing of US$ 300 million from Standard Chartered Bank to meet the increased financing for oil imports by the cash-strapped Bangladesh Petroleum Corporation (BPC).
The loan would be taken for nine months at Libor (London Inter-bank Offer Rate) plus $1.79. This is the second such loan BPC is going to take from a foreign bank at hard-term after 2005-06 when the then BNP government approved a loan of $250 million from the same bank. |
Tarique chargesheeted
Staff Reporter
The Anticorruption Commission yesterday submitted a charge-sheet against detained BNP Senior Joint Secretary-General Tarique Rahman on charges of illegally amassing wealth and suppressing wealth information.
The Commission also approved charge-sheets against Tarique's wife Dr Zobaida Rahman and mother-in-law Syeda Iqbalmand Banu for assisting him in accumulating the wealth violating the law of the land. The ACC also requested a Court in the capital to issue warrant of arrest against all of them, while submitting the charge-sheet. |
President urges public, private varsities: Impart time-worthy quality education to students
BSS, Dhaka
President Professor Dr Iajuddin Ahmed on Monday called upon authorities of both private and public universities to come forward with state-of-the-art curricula to impart quality and time-worthy education to the students.
"As you know, at all the ages, educational institutions are regarded as the sacred and stately place of the country, which contain nation's hopes and aspirations by putting its collective endeavours.
I hope university authorities both private and public would understand the tune of the society and would uphold the image of the esteemed institutions," he added. |
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Internet Edition. April 1, 2008, Updated: Bangladesh Time 12:00 AM 
