National Accountability Bureau (NAB) has lodged a reference againstPakistan Petroleum Limited’s (PPL) officials and a foreigner for embezzlingbillions from the national exchequer.
According to details, NAB has filed this reference at the complaint ofChairman PPL, Shams-ul-Islam, who contended that 5 high-ranking PPLofficials misused their authority and signed a contract with aninternational company at an exorbitant rate with the help of a foreignernamed Powell Merck, causing national exchequer to lose Rs. 20 billion.——————————
Former Managing Director (MD) PPL Asim Murtaza Khan, General Manager (GM)PPL Business Development Abdul Wahid, Chief Economist PPL Rahat Hussain,Saadullah, and Moin Raza Khan are the 5 top-ranked officials of thestate-owned petroleum company indicted by NAB, all of whom have alreadyobtained pre-arrest bails.
It is worth mentioning here that former MD PPL Asim Murtaza Khan, who isthe primary accused in this case, had previously agreed to become a NABwitness against Dr. Asim Hussain, the former Petroleum Minister and a closeaide to former president Asif Ali Zardari, in a Rs. 17 billion corruptionreference.——————————
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While approving the reference for hearing on 5 October, the AccountabilityCourt Karachi has summoned the 5 PPL officials and issued an arrest warrantfor the foreigner fugitive Powell Merck, who, at the moment, is at large.
*Via: Jang link*
