BR100 Decreased By (-0.91%)
BR30 Decreased By (-1.47%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.75%)
AGHA 6.67 Decreased By ▼ -0.01 (-0.15%)
BECO 4.35 Decreased By ▼ -0.02 (-0.46%)
BML 56.17 Decreased By ▼ -1.15 (-2.01%)
BOP 30.12 Decreased By ▼ -0.23 (-0.76%)
CNERGY 12.98 Decreased By ▼ -0.14 (-1.07%)
CSIL 5.31 Decreased By ▼ -0.10 (-1.85%)
FCCL 51.65 Decreased By ▼ -1.14 (-2.16%)
FFL 14.49 Decreased By ▼ -0.23 (-1.56%)
FNEL 1.21 Increased By ▲ 0.09 (8.04%)
KEL 6.06 Decreased By ▼ -0.03 (-0.49%)
KOSM 5.84 Increased By ▲ 0.11 (1.92%)
LOTCHEM 26.17 Decreased By ▼ -0.29 (-1.1%)
MLCF 91.23 Decreased By ▼ -1.93 (-2.07%)
NBP 164.19 Decreased By ▼ -0.47 (-0.29%)
NCPL 53.18 Decreased By ▼ -2.48 (-4.46%)
NPL 59.12 Decreased By ▼ -2.04 (-3.34%)
OGDC 313.39 Decreased By ▼ -3.34 (-1.05%)
PACE 9.77 Decreased By ▼ -0.10 (-1.01%)
PAEL 35.24 Decreased By ▼ -0.39 (-1.09%)
PIBTL 14.71 Increased By ▲ 0.03 (0.2%)
PPL 221.36 Decreased By ▼ -5.55 (-2.45%)
PRL 91.22 Decreased By ▼ -1.80 (-1.94%)
PTC 59.19 Decreased By ▼ -1.07 (-1.78%)
SSGC 23.30 Decreased By ▼ -0.51 (-2.14%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.61 Decreased By ▼ -0.19 (-2.44%)
TPL 22.03 Decreased By ▼ -0.32 (-1.43%)
TPLP 12.56 Decreased By ▼ -0.41 (-3.16%)
TREET 21.73 Decreased By ▼ -0.43 (-1.94%)
TRG 55.79 Decreased By ▼ -0.77 (-1.36%)

ISLAMABAD: The Accountability Court hearing the Lok Virsa corruption reference against Pakistan People’s Party (PPP) leader Robina Khalid and others on Monday granted time to the defence counsel for submitting arguments regarding the acquittal applications filed by the accused under the National Accountability (Second Amendment) Ordinance, 2021.

The judge of Accountability Court-I, Muhammad Bashir, while hearing the case against PPP Senator Robina Khalid approved the defence council’s request to grant him time to present his arguments with respect to acquittal applications filed by the accused Mazharul Islam and others. The court adjourned the hearing till May 16.

The National Accountability Bureau’s (NAB) prosecutor, Sohail Arif, and the prosecution witness also appeared before the court. The anti-graft watchdog on July 1, 2019 had filed a corruption reference against Ms Khalid, who is also a former chief executive director of M/s Cosmos Production (Pvt) Ltd.

The accused include former executive director of Lok Virsa Mazharul Islam and incumbent chief executive director of M/s Cosmos Production (Pvt) Ltd Dr Tabinda Zafar, who are facing the charge of committing wrongdoing with regard to the Self Generated Fund of Lok Virsa. The bureau had contended that the accused committed embezzlement in the Lok Virsa fund and caused a loss of Rs 30.13 million to the national exchequer. The NAB had initiated investigation against the accused in November 2018.

According to the bureau, the evidence collected during the investigation established that the accused committed the “offence of corruption and corrupt practices as defined under Section 9 (a), (VI) and (XII) punishable u/s 10 of [National Accountability Ordinance (NAO)] 1999”.

During the investigation, it was established that Mazharul Islam misused his authority and illegally extended the contracts in favour of Cosmos Production (Pvt) Ltd in connivance with Senator Khalid and Dr Zafar.

According to NAB, accused Mazhar and Zafar gained illegal benefits by getting the extension of agreement without calling the fresh tenders/any competition and also failed to deposit the 50 percent profit earned by them, which resulted in the loss to the national exchequer to the tune of Rs 30.13 million.

Copyright Business Recorder, 2022

Comments

Comments are closed for this article.