Dhaka, April 9 -- Corruption Commission (ACC) has initiated a formal inquiry into allegations of misappropriation of Tk4,000 crore from the state treasury during the Mujib Borsho celebrations, implicating former prime minister Sheikh Hasina, her sister Sheikh Rehana, and former principal secretary Kamal Abdul Naser Chowdhury.

The inquiry, which was launched in January, is being overseen by a seven-member ACC committee, said ACC Director General (Prevention) Md Akhtar Hossain at a press briefing in Dhaka on Wednesday.

"Our team is currently collecting information from various organisations," he said.

The allegations relate to expenditures made during the Mujib Borsho celebrations-marking the birth centenary of Bangabandhu Sheikh Mujibur...