AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

ISLAMABAD: The Accountability Court, on Wednesday, completed cross-examination of two prosecution witnesses in the mega corruption Oil and Gas Regulatory Authority (Ogra) scam against former Ogra chairman Tauqeer Sadiq and 10 others.

The Accountability Court-I Judge, Muhammad Bashir, while hearing the case completed cross-examination of two witnesses, Ijaz Ahmad and Altaf Hussain.

The National Accountability Bureau (NAB) prosecutor, Sohail Arif, and Defence counsel Arshad Taraiz appeared before the court.

Witness Altaf Hussain said that he appeared before the NAB investigation officer (IO) along with Asmat Ullah Kanizi and Tayaba Hassan.

He said the government received Gas Development Surcharge (GDS) from distribution companies on amount which they receive from consumers.

Prescribed price for the disturbing companies is determined by the Ogra.

The witness said that after increase in unaccounted for gas (UFG) benchmark, the Sindh High Court (SHC) and the Lahore High Court (LHC) granted injunctive order against Ogra on the application of distribution companies.

The injunctive order of the LHC remained operative till 2013 and SHC remained operative till November 2016.

The Ogra could not review UFG benchmark due to injunctive orders of the high courts.

The other accused in the case included Mir Kamal FaridBijarani, Jawad Jameel, Abdul Rasheed, Syed Arsalan Iqbal, Yousuf G Ansari, and Mansoor Muzaffar.

Former Ogra chief Sadiq has been accused of misuse of powers to inflict Rs 82 billion losses to the national exchequer.

Sadiq is the main accused in the mega Rs 82 billion scam along with three co-accused, Muzaffer Ali, member gas, Mir Kamal Farid, member finance, and Jawad Jameel, staff officer to the chairman Ogra.

In the corruption reference, the NAB has alleged that Sadiq gave undue and illegal favours to private companies and individuals causing a loss of Rs 82 billion to the national exchequer.

It is further alleged that Sadiq and other co-accused in the case provided undue financial relief to private firms and individuals, and issued licenses for the CNG stations on fake or bogus documents.

The court after completion of cross-examination of two witness, summoned witness, Aamir Nusrat and Shazia Baig to appear for recording their statements on the next hearing to be held on September 30.

Copyright Business Recorder, 2021

Comments

Comments are closed.