Ministry orders enquiry on Kafco CFO

প্রকাশিত: ১০:৩০ পূর্বাহ্ণ, সেপ্টেম্বর ২৬, ২০২১

Ministry orders enquiry on Kafco CFO


Chattogram, 26 September 2021:
Ministry of Industries ordered departmental enquiry on chief financial officer (CFO) of Karnafuli Fertilizer Company Limited (Kafco), Habib Ullah Manzu’s alleged financial and moral misconducts.

Allegations against Habib include taking ‘high commissions’ from bank deposits and insurance policies of Kafco and from purchase of UF-75 chemicals from Egypt, Oman and Saudi Arabia, giving 6 million US dollars contract to a foreign company without tender for repairing a single pillar in the jetty, along with other complains. Ministry’s decision came after media published the concerns.

However, Habib declined all allegations saying that someone might have spread propaganda against him because of personal enmity. ‘I can prove these allegations false’ he claimed.

Kafco officials said, the enquiry would bring truths to light.

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