ISLAMABAD: The National Accountability Bureau (NAB) has found corruption cases of over Rs1.22 billion in Pakistan Steel Mills (PSM) and Pakistan Railways (PR).
At a meeting held here on Thursday, the NAB’s executive board approved four new references involving Rs831 million worth of corruption in the PSM and Rs396m in the PR.The meeting also decided to initiate investigation into the police’s weapons purchase case in Khyber Pakhtunkhwa.
KP’s former inspector general of police Malik Naveed, members of the purchase committee and some officials of the police department are accused of committing embezzlement in procurement of equipment, weapons and vehicles.
NAB spokesman Ramzan Sajid said the meeting had approved three references about the PSM and one about the PR.
Two references regarding the sale of PSM’s products at lower rates would be filed against the former chairman of PSM, Moen Aftab Sheikh, former director Sameen Asghar and some other people.
They were allegedly involved in giving illegal benefits to private firms/ contractors to the tune of Rs506m and Rs311m.
A NAB official said that contractors involved in the PSM scam would also be taken to task.
In the third reference, Mr Asghar and others are accused of extending a free credit scheme to private firms/contractors that caused a loss of Rs13m to the organisation.
The reference approved against the railways’ officials is related to procurement of spare parts for locomotives.
Railways’ former general manager Saeed Akhtar and ex-director Ahsan Mahmood are accused of misappropriating Rs396m.