PSO officials misuse authority in purchase of oil under agreement with Byco Oil Pvt Ltd, arrest warrants issued

PSO officials misuse authority in purchase of oil under agreement with Byco Oil Pvt Ltd, arrest warrants issued

5 views

KARACHIAn accountability court on Saturday issued warrants of arrest for suspects in the Rs23 billion corruption case related to the Pakistan State Oil (PSO).

The court issued the order on the references filed by the National Accountability Bureau (NAB) against former managing director of PSO Naeem Mir, former general manager of PSO Syed Nazeer Ahmed Zaidi, officials of Byco Oil Pakistan Limited and others. The accused would be indicted on the next hearing.

Two of the accused – Syed Zulfiqar Ali and Nazeer Ali – are already in the NAB custody, having been arrested from Islamabad and Gilgit-Biltistan respectively.

During the hearing on Saturday, NAB told the accountability court that the PSO officials misused their authority in purchase of oil under agreement with Byco Oil Pakistan Limited.

The court adjourned the hearing till November 8, 2018.

About author

Rava Desk

Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *