The income estimates recorded in the financial filings of Meghna Petroleum Limited, a state-owned energy corporation, differ by Tk 1,838 crore. Furthermore, there is a danger to the company’s fixed deposit receipts (FDRs).

This opinion was expressed by the audit firm Hoda Vasi Chowdhury & Co., Chartered Accountants, in the audited financial statements of the company for the most recently completed 2024–25 fiscal year. The auditors recently informed the Dhaka Stock Exchange (DSE) of these findings.

In their opinion, the auditors stated that for the 2024–25 fiscal year, Meghna Petroleum reported revenue of Tk 29,347 crore 74 lakh in its financial statements. However, according to the VAT returns, the company reported revenue of Tk 27,509 crore 73 lakh. As a result, there is a discrepancy of Tk 1,838 crore 1 lakh between the revenue disclosed in the financial statements and the revenue reported in the VAT returns.

The auditors further stated that Meghna Petroleum has invested a total of Tk 1,257 crore as FDRs in various banks. Of this amount, Tk 169 crore 1 lakh is invested in First Security Islami Bank, Tk 211 crore 73 lakh in Global Islami Bank, Tk 7 crore 50 lakh in Padma Bank, and Tk 159 crore 42 lakh in Union Bank. These banks are currently facing liquidity crises.

Against these investments, the company has not recognized Tk 61 crore 33 lakh as interest income, which indicates a high credit risk for the company. Although letters were later sent to the banks to encash the investments, no positive response was received due to the liquidity shortages.