Padma Timeline | The Daily Star
12:00 AM, September 22, 2012 / LAST MODIFIED: 12:00 AM, September 22, 2012

Padma Timeline

February 24, 2011
The World Bank approves a $1.2-billion loan

April 28, 2011
The govt signs a loan deal with the WB

August 2011
The WB raises corruption allegations

Sept 13, 2011
The global lender suspends the loan

Sept 21, 2011
A WB report levels corruption allegations against the then communications minister Abul Hossain and his company

September 2011
The global lender says the loan will be revived if Abul goes

Oct 21, 2011
The govt rejects graft allegations and refuses to remove Abul

Dec 5, 2011
Abul is shifted to the ICT ministry, but the WB demands his removal from the cabinet

June 2012
Fresh talks begin; the WB attaches four conditions including removal of Abul and PM's adviser Mashiur Rahman

June 29, 2012
The WB cancels the loan as the talks fail

July 2, 2012
The finance minister urges the lender to withdraw the cancellation

July 23, 2012
Abul resigns; other donors pledge the govt help in negotiations with the WB

Sept 17, 2012
Mashiur's status remains shrouded in mystery

Sept 19, 2012
The govt sends Mashiur's leave letter to the WB

Sept 20, 2012
The WB revives the loan

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