Dhaka, July 24 -- A land acquisition project for the Patuakhali Thermal Power Plant, undertaken by Ashuganj Power Station Company Ltd (APSCL), was abruptly closed despite key components remaining unfinished and Tk1.49 billion in public funds going unaccounted for, according to a latest review report.

Following a review of the Project Completion Report (PCR), the Implementation Monitoring and Evaluation Division (IMED) uncovered serious procedural lapses, financial discrepancies, and signs of corruption during both the implementation and closure phases of the project.

In light of the scale and gravity of the irregularities, the Planning Ministry's IMED has recommended forming a high-level investigation committee to conduct a thorough pro...