Karachi, 08 April 2021: NAB Karachi is performing its functions and has been securing convictions against the corrupt elements and corrupt practices for the good of public functionaries, business community and general public.
In this connection, a Cheque Distribution Ceremony was held at NAB Karachi office on Thursday. Dr. Najaf Quli Mirza (PSP), DG NAB (Karachi) distributed cheques amounting to Rs 1001.413 million amongst various state functionaries including Govt. of Sindh, Pakistan Petroleum Ltd, Pakistan State Oil and Federal Board of Revenue.
According to press release, an amount of Rs 29.648 million was handed over to the representative of the office of Chief Secretary, Govt. of Sindh. The recoveries were made by NAB Karachi through Plea Bargain under NAO, 1999 from the corrupt elements in favour of different departments of Govt. of Sindh.
Another cheque of Rs 2.04 million was handed over to the representative of Chairman, Federal Board of Revenue (FBR). This recovery was made in an under trial Ref No. 18-B/2017 titled “The State V/s Muhammad Zubair Butt” filed by NAB Karachi in which accused Muhammad Zubair Butt admitted his guilt of obtaining illegal sales tax refund and opted for Plea Bargain which was approved by Hon’ble Accountability Court. The ill-gotten money of Rs 2.04 Million was returned to FBR.
A cheque of Rs 903.218 Million was handed over to the representative of MD, Pakistan Petroleum Ltd. This huge recovery was made by NAB Karachi from accused Kamran Iftikhar Lari, Ex-Chief Operating Officer (COO), BYCO Petroleum Pakistan Ltd.
Investigation against Officers / Officials of Pakistan State Oil (PSO) and others regarding misuse of authority by PSO management in signing Sale/ Purchase agreement with M/s Byco Oil Pakistan Ltd. was authorized as an off shoot of matters identified during the arrest of Ex- Minister Petroleum & Natural Resources.
After completion of investigation, reference was filed by NAB Karachi against the officers of PSO and BPPL. During the trial of the case, Kamran Iftikhar Lari, Ex-COO, BYCO Petroleum Pakistan Ltd. admitted his guilt and returned ill-gotten money.
Another recovery of Rs 66.507 Million was also handed over to the representative of MD, Pakistan State Oil. This was also recovered from accused Kamran Iftikhar Lari, Ex-COO, BYCO Petroleum Pakistan Ltd. in the above mentioned reference. Other accused persons are facing trial in Accountability Court, Karachi.