Investigations
Series-structured investigations into how Bangladesh's public money moves. Every figure sourced, every mechanism named, every claim falsifiable. The method notes and research dossiers behind them live under Research on the front page.
No-Bid Bangladesh
Three investigations. One mechanism.
Bangladesh does not lose public money in one place. It loses it the same way in many places: deals cut without competition, under rules that made competition optional, with costs that are never resolved, only moved. These three investigations began as separate questions and converged on that pattern.
The Banks Fall First
Power-sector stress is real and cycling, but the banks were already broken by politically directed lending before it arrived.
Who Runs the Gateway
The port authority's own numbers price the DP World deal at $17.18 per TEU against $65.25 under self-operation. Terms confirmed bad, transfer uncompleted.
The Spread Is the Scandal
The long-term contracts weren't the ripoff. The non-competitive process that left Bangladesh underinsured was, forcing spot buying at two to three times contract prices.
One investigation confirmed its thesis in official documents. One could only partly confirm it. One disproved its own premise and found a better one. That is the series: follow the evidence, including when it leads away from the claim.
Series 2
The next series lands here when it ships.