This article presents an evaluation of fraud examination carried out by an inspector general from the United States in Bangladesh. The evaluation identifies a number of shortcomings in the investigation. As presented in this article, an evaluation is a systematic study of work done or work in progress. Evaluation is an objective assessment of activities. Evaluation implies assessing or estimating the value of something. Evaluation involves analyzing to determine if the investigation did what it was intended to do and if the investigation had expected impact.