reserves

Gold in BB vault adulterated

MNA Business Desk: Gold weighing almost 1000 kilograms kept in Bangladesh Bank’s vault has been adulterated, reveals an investigation by the customs intelligence.

The 22-carat gold has turned into 18-carat gold as other metals were mixed with it after the central bank received gold discs and rings over a period of time, investigators believe.

The customs intelligence and investigation directorate of the National Board of Revenue dug out serious discrepancies in gold management, as the investigators examined 963 kg of gold out of huge quantity kept at the central bank’s vault, on the basis of random sampling.

This is another major scam after an amount of $81 million was stolen from the Bangladesh Bank’s foreign exchange account with the Federal Reserve Bank in New York in 2016, reported news agency.

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