BR100 Decreased By (-0.61%)
BR30 Decreased By (-0.42%)
KSE100 Decreased By (-0.58%)
KSE30 Decreased By (-0.72%)
AGHA 7.71 Decreased By ▼ -0.10 (-1.28%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 34.07 Increased By ▲ 0.04 (0.12%)
CNERGY 10.09 Increased By ▲ 0.13 (1.31%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.90 Decreased By ▼ -0.80 (-1.46%)
FFL 16.56 Decreased By ▼ -0.13 (-0.78%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.24 Decreased By ▼ -0.16 (-2.16%)
KOSM 5.77 No Change ▼ 0.00 (0%)
LOTCHEM 29.29 Decreased By ▼ -0.03 (-0.1%)
MLCF 92.45 Decreased By ▼ -1.91 (-2.02%)
NBP 202.06 Decreased By ▼ -0.99 (-0.49%)
NCPL 56.80 Decreased By ▼ -0.20 (-0.35%)
NPL 66.90 Decreased By ▼ -0.80 (-1.18%)
OGDC 314.51 Decreased By ▼ -1.33 (-0.42%)
PACE 10.65 Increased By ▲ 0.01 (0.09%)
PAEL 42.75 Decreased By ▼ -0.45 (-1.04%)
PIBTL 16.60 Decreased By ▼ -0.14 (-0.84%)
PPL 217.82 Decreased By ▼ -1.96 (-0.89%)
PRL 51.60 Increased By ▲ 2.41 (4.9%)
PTC 70.20 Decreased By ▼ -0.33 (-0.47%)
SSGC 27.35 Decreased By ▼ -0.90 (-3.19%)
TBL 9.79 Decreased By ▼ -0.07 (-0.71%)
TELE 8.70 Decreased By ▼ -0.09 (-1.02%)
TPL 18.30 Increased By ▲ 0.06 (0.33%)
TPLP 13.53 Increased By ▲ 0.26 (1.96%)
TREET 22.56 Decreased By ▼ -0.16 (-0.7%)
TRG 59.90 Decreased By ▼ -0.24 (-0.4%)

ISLAMABAD: The Accountability Court hearing Lok Virsa corruption reference against Pakistan People Party (PPP) leader Robina Khalid and others on Monday adjourned the hearing of the case due to the absence of the defence counsel.

The Accountability Court-I judge, Muhammad Bashir, while hearing the corruption case against PPP Senator Rubina Khalid and others adjourned the hearing of the case till August 19 due to the non-availability of the defence counsel, Shaikh Khizarur Rasheed, counsel for Robina Khalid, and Barrister Qasim Nawaz Abbasi, counsel for Nazarul Islam. The National Accountability Bureau (NAB) prosecutor during the previous hearing submitted its reply on acquittal applications filed by the accused under 265-K.

The NAB prosecutor, Sohail Arif, and prosecution witness also appeared before the court.

The anti-graft body on July 1, 2019, had filed a corruption reference against Rubina Khalid, who is also the former chief executive director of M/s Cosmos Production (Pvt) Ltd.

The accused also included former executive director Lok Virsa Mazharul Islam and incumbent Chief Executive Director of M/s Cosmos Production (Pvt) Ltd in Self-Generated Fund (SGF) of Lok Virsa, Dr Tabinda Zafar.

The bureau had adopted the stance that the accused committed embezzlement in the Lok Virsa fund and incurred losses of Rs30.13 million to the national exchequer.

The NAB had initiated an 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 Mazhar-ul-Islam misused his authority and illegally extended the contracts in favour of Cosmos Production (Pvt) Ltd in connivance with PPP senator and Dr Zafar.

According to the NAB, accused Mazhar and Zafer gained illegal benefits by getting the extension of an 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 amounting to Rs30.13 million.

Copyright Business Recorder, 2022

Comments

Comments are closed for this article.