LNG scam: NAB summons Abbasi, son

14 May, 2020

Sources said the NAB Rawalpindi had summoned Abbasi and son Abdullah Abbasi to record their statement in supplementary reference to file in the LNG scam before the Accountability Court after Eidul Fitr. The NAB will also hand over a questionnaire to them with respect to the supplementary reference.

The NAB had filed interim reference in the LNG scam in December last year.

Those who are nominated in the reference for misusing their authority include, Abbasi, former finance minister Miftah Ismail, former managing director (MD) Pakistan State Oil (PSO) Sheikh Imranul Haque, Agha Jan Akhtar, former chairman Port Qasim Authority (PQA), Saeed Ahmed Khan, former chairman Oil and Gas Regulatory Authority (Ogra), Aamir Naseem, former member oil Ogra, Uzma Adil Khan, chairperson Ogra, Shahid M Islam, former MD PSO, and Abdul Samad Dawood.

According to the NAB reference, one company has been provided benefits of over Rs21 billion from March 2015 to September 2019.

The benefits provided to the company will incur loss of Rs47 billion to the national exchequer because the contract would continue till 2029, the reference says.

The reference says the contract will cost the public more than Rs68 billion over 15 years in terms of gas bills. Former MD PSO Haque had played an important role in signing of the contract.

Copyright Business Recorder, 2020

Read Comments