Pakistan News Service

Friday Apr 25, 2014, Jumada-al-thani 24, 1435 Hijri
Logo Logo
Pakistan News Home -> Tribune Corner -> News Details

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.


 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Artilce 6 and Musharraf Trail
Blocking Nato supply line
  Quick Vote Show Results
Question: "In view of the current situation do you think Talks with Taliban should take place only within the ambit of Article 4 of Objectives Resolution that defines our Common Purpose i.e. PM/ President down to all Pakistanis to work till we achieve the rights of Democracy, Freedom, Tolerance and Social Justice for all Pakistanis:"
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Drone kills 15 'Qaeda', three civilians in Yemen: security
Senior journalist Hamid Mir hurt in Karachi attack
Suggested Sites