The negotiation between the Anti Corruption Commission (ACC) and the World Bank over the allegation of Padma Bridge graft conspiracy ended without any consensus, finance minister AMA Muhith said Thursday.

"The negotiation between the ACC and the WB experts ended without any agreement" Muhith told reporters after a ceremony marking the handover of dividend to the government by IDCOL at the Secretariat office.

"The discussion has not been over, difference of opinion remains. The government will talk about the issue," the minister said.

The reporters asked whether there was any hope about WB financing for the Padma Bridge project, the minister said, "Whatever the media writes about the negotiation, I am not making any comment on the issue," Muhith said.

The Infrastructure Development Company Limited (IDCOL) paid Tk 1.2 million to the government as dividend for the FY 2011-12.

Iqbal Mahmood, Senior Secretary and Chairman, IDCOL, and Mahmood Malik, CEO, IDCOL, handed over the cheque to the Finance Minister.

IDCOL earned a net profit of Tk 6.2 crore for the fiscal under review with a 39 per cent growth over the previous fiscal.

IDCOL is one of the few state-owned entities that operate independently and pay dividends to the government. Last year IDCOL paid Tk 1.0 million as dividend to the government.

IDCOL finances large, medium and small infrastructure projects implemented by the private sector, and is the largest organisation working for promotion of renewable energy technologies in Bangladesh.

News: The Daily Financial Express/Bangladesh/7th-Dec-12