Dhaka, March 4 -- Primeasia University has been mired in irregularities and corruption across its institutional activities, from procurement to recruitment, according to an analysis of its financial statements, internal audit reports, and related accounts.

A re-audit by Mahfel Huq & Co Chartered Accountants has further highlighted these discrepancies.

One of the most serious allegations involves the embezzlement of over Tk 300 million between February 2020 and June 2024, with half of the misappropriated funds originally held in fixed deposits under the university's name.

The key figure accused of these irregularities is Raihan Azad Tito, former vice chairman of the university's Board of Trustees who was previously removed over similar ...