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FIA launches probe into Rs25 bn corruption

25 December, 2013

ISLAMABAD: Under the Supreme Court orders, the Federal Investigation Agency (FIA) has launched formal investigation into the alleged corruption amounting to over Rs25 billion in LPG quota scandal.

The investigation agency has summoned Jamshoro Joint Venture Limited head Iqbal Z Ahmad along with all relevant record at the FIA Headquarters on Dec 28. The FIA will also grill former president Pervez Musharraf for exerting political pressure on the quarters concerned.

When contacted, Iqbal Z Ahmad refused to provide details, saying when he would appear before the FIA for investigation, he would give his clear-cut viewpoint there. A six-member FIA team is conducting a probe into the quota scandal. According to FIA sources, Iqbal Z Ahmad is accused of getting LPG quota illegally in 2003 through the use of political pressure, which caused over Rs25 billion losses to the national exchequer.

The SC had already declared the deal dubious and illegal and ordered the FIA to complete probe within a month and register criminal cases after identification of the culprits. The SC ordered the recovery of misappropriated money.

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