The Anti-Corruption Commission (ACC) has found prima facie evidence that United Power Generation and Distribution Company Limited, a concern of United Group, embezzled nearly Tk 9.81 billion by failing to pay gas bills after allegedly availing illegal Independent Power Producer (IPP) tariff benefits instead of the applicable capacity rate, according to an investigation progress report submitted to the court.

The Anti-Corruption Commission (ACC) has found preliminary evidence supporting allegations that United Power Generation and Distribution Company Limited, a subsidiary of United Group, misappropriated approximately Tk 9.81 billion in unpaid gas bills through irregular tariff benefits.

ACC sources confirmed the development.

According to the sources, ACC Deputy Director (Inquiry and Investigation-1) Md. Jahangir Alam disclosed the findings in an investigation progress report submitted to the court.

The report states that four allegations against United Group Chairman and Managing Director Moin Uddin Hasan Rashid and other concerned individuals are being investigated together. These include the alleged illegal occupation of government vested property through forged documents, acquisition of illicit wealth, money laundering abroad, and irregularities in gas tariff determination.

As part of the inquiry, the ACC collected documents and information from the Ministry of Power, Energy and Mineral Resources, the Bangladesh Energy Regulatory Commission (BERC), Titas Gas Transmission and Distribution Company Limited, Karnaphuli Gas Distribution Company Limited, and other relevant agencies.

After reviewing the documents, the commission found that United Power Generation and Distribution Company Limited allegedly enjoyed IPP gas tariff benefits instead of the applicable capacity rate. As a result, it failed to pay Tk 4.86 billion in gas bills to Titas Gas for the period between January 2018 and March 2025, and Tk 4.95 billion to Karnaphuli Gas for the period from October 2018 to November 2025.

The total outstanding amount stands at Tk 9.816 billion (Tk 981.67 crore), the report said.

The investigation report submitted to the court notes that the allegations have been found to have prima facie merit.

ACC sources said the commission will submit a final report with recommendations to its higher authorities after completing the inquiry. Based on that report, the commission may decide to file a case and take further legal action, if warranted.