Bangladesh’s Anti-Corruption Commission (ACC) has sought documents from the Bangladesh Petroleum Corporation (BPC) and the Bangladesh Power Development Board (BPDB) as part of an investigation into allegations of bribery, corruption and money laundering involving Summit Group and its affiliated companies.

According to separate letters recently issued by the ACC headquarters and signed by Deputy Director and Joint Investigation Team Leader Md. Alamgir Hossain, the agencies have been asked to submit the requested documents by July 30.

ACC Deputy Director (Public Relations) Akhtarul Islam said on Thursday that a special investigation team is examining allegations of corruption and money laundering linked to Summit Group. He said the commission would take legal action in accordance with the law after reviewing the records.

The ACC has requested a range of documents, including records related to the verification of fuel cost calculations for imported heavy fuel oil (HFO) used by independent power producers (IPPs), based on BPC-prescribed formats.

The commission also sought records on whether BPDB granted any approval or exemption allowing entities other than BPC to import fuel under agreements with Summit Power Ltd. if BPC was unable to do so.

Other requested documents include fuel cargo calculation sheets, summary sheets under Power Purchase Agreements (PPAs), approved rates and policies for handling commissions, port and river dues, survey fees, terminal charges, VAT records, bills of lading, London Tanker Brokers’ Panel certificates, bank advice and certified copies of port dues related to HFO imports and payments.

According to ACC sources, the investigation centers on allegations that Summit Group and its associated companies acquired illegal wealth through bribery and corruption and laundered large sums of money abroad.

The investigation follows an earlier ACC case filed on August 26, 2025, accusing seven individuals, including Summit Communications Ltd. Chairman Mohammad Farid Khan, of causing a government revenue loss of Tk 102.45 million through the illegal issuance of company shares.

The case also names former Bangladesh Telecommunication Regulatory Commission (BTRC) officials and a panel lawyer. The ACC alleges that Summit Communications unlawfully issued 1.42 billion new ordinary shares, increasing the company’s total shares from 507 million to 1.928 billion and reducing Farid Khan’s ownership from 95% to 25%, while foreign entities acquired a combined 70% stake.

The ACC claims that the share issuance should have been subject to a 5.5% government revenue charge under the Bangladesh Telecommunication Regulation Act, 2001. It alleges that a legal opinion exempting the transaction from the charge enabled the approval of the share transfer, resulting in a government revenue loss of more than Tk 102 million. The matter remains under investigation.