Sunday, August 24, 2025
  • GMC
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo

Bank of Bhutan lacked objectivity and transparency: Audit report

August 6, 2015
in Uncategorized
Reading Time: 1 min read
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Bank of Bhutan lacked objectivity and transparency- Audit reportBank of Bhutan lacked objectivity and transparency while identifying office space and negotiating rents for the selected properties. The Annual Audit Report, 2014 says there were no documented records of discussions between the building owners and the Bank.

Audit findings show the bank did not have clear basis for fixing the rent for hiring of ATM spaces at various locations in Thimphu. The rents were found to be paid in lump sum amounts. The rent was neither based on square footage of property nor through negotiations. The bank had not invited quotations for competitive rates.

The report says the Bank of Bhutan had not invited quotations for hiring of office space at various locations in Thimphu, depriving competitive prices.

The bank’s management had maintained that direct negotiations were more viable. But there were no documentary evidences to show direct negotiations with building owners were carried out objectively and transparently.

According to the report, causes of such irregularities have been attributed to poor enforcement of rules and regulations. The enforcement of procurement rules was found to be apparently affected by inadequate control and monitoring mechanisms to ensure minimal compliances to the requirements of the relevant rules.

Bank of Bhutan refused to comment.

Previous Post

ACC detains two in connection with RICBL case

Next Post

Bhutan to host its first AFC qualifier

Next Post
Bhutan to host its first AFC qualifier

Bhutan to host its first AFC qualifier

Boulder crushes a man to death

Boulder crushes a man to death

Herd of 23 elephants destroys acres of banana trees

Herd of 23 elephants destroys acres of banana trees

Please login to join discussion

RECOMMENDED NEWS

Delays in Samdrup Jongkhar Thromde stadium construction leave spectators disappointed

Delays in Samdrup Jongkhar Thromde stadium construction leave spectators disappointed

2 years ago
4
Nangkor residents in PG proposes primary health centre

Nangkor residents in PG proposes primary health centre

2 years ago
3
Man sentenced for causing false alarm

Man sentenced for causing false alarm

7 years ago
1

Nu 3.5 M worth Zhabdrung Khamsum Zilnon Thongdrel consecrated at Talakha Tashi Drugyel Monastic Institution

2 years ago
10

BROWSE BY CATEGORIES

  • Accidents (15)
  • Agriculture (485)
  • Announcement (193)
  • Audience Survey Report (1)
  • Business (776)
  • Crime/Legal (382)
  • Culture (52)
  • Development (59)
  • Disaster (57)
  • Economy (304)
  • Education (439)
  • Entertainment (19)
  • Environment (79)
  • Feature (66)
  • Featured (9)
  • Festival (84)
  • GMC (20)
  • Headlines (13)
  • Health (655)
  • HYDROPOWER (1)
  • Legal (62)
  • Literature (10)
  • Livestock (81)
  • Media (27)
  • Other Stories (5,935)
  • Politics (422)
  • RCSC (2)
  • Recent stories (9)
  • Religion (46)
  • Sci/Tech (726)
  • Social (614)
  • Sports (482)
  • Technology (202)
  • Tourism (25)
  • Uncategorized (13,873)
  • Video (142)
  • Video Story (258)
  • Wildlife (43)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Authorities link 23 TikTok accounts to online shopping-based gambling, freeze 26 other bank accounts

    0 shares
    Share 0 Tweet 0
  • Trongsa Viewpoint Resort up for auction once again

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Bhutan Qualifications and Professionals Certification Authority warns of deregistration if firms repeat violations
  • Bhawanijhora stream swells, disrupts lives and traffic in Phuentshogling
  • Dagapela town sees transformation with new constructions
  • Monggar Regional Transport office proposes upgrade of bus station and regional office
  • Some farmers in Haa turn to chilli farming for income

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • HYDROPOWER
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • GMC
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.