Miftah Ismail remanded in NAB custody for 11 days

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ISLAMABAD: An accountability court docket on Thursday granted the Nationwide Accountability Bureau (NAB) 11-day bodily remand of former finance minister Miftah Ismail within the liquefied pure gasoline (LNG) terminal case.

Accountability court docket choose Tahir Mehmood additionally granted NAB 11-day remand of former Pakistan State Oil (PSO) managing director Sheikh Imranul Haq.

The anti-graft physique will now current the accused in court docket on August 19.

Ismail and Haq have been arrested by NAB on Wednesday after the Islamabad Excessive Court docket (IHC) rejected their plea for bail extension within the LNG terminal case on the grounds that there have been no “extraordinary circumstances of hardship”.

Miftah arrested after IHC denies bail extension

On the IHC listening to, NAB prosecutor Sardar Muzaffar Abbasi learn out the testimony of former petroleum secretary Abid Saeed, the approver within the case.

The prosecutor knowledgeable the IHC that the approver had provided testimony on Ismail’s position within the LNG contract case, which is alleged to have induced a lack of Rs1.54 billion to the nationwide exchequer.

Ismail’s counsel, Haider Waheed, advised the excessive court docket that NAB had first issued a call-up discover to his consumer on July 15 however issued arrest warrants only a day afterward July 16.

He maintained that NAB solely needed to arrest Ismail over political causes.

LNG scandal

In 2018, the anti-corruption watchdog had initiated an inquiry towards former premiers Shahid Khaqab Abbasi and Nawaz Sharif over alleged misuse of authority.

Former PM Abbasi despatched on 13-day bodily remand

Abbasi and others had been accused of illegally awarding LNG terminal contract for a interval of 15 years to an organization of their liking in violation of outlined guidelines, ‘thus inflicting billions of rupees losses to the nationwide exchequer’.

The inquiry was initiated after the NAB Karachi workplace closed the same inquiry towards Abbasi for his alleged position within the award of a multi-billion rupee contract for the import and distribution of LNG.

Abbasi was lately arrested and stays in NAB custody.

The PML-N authorities in its tenure from 2013-2018 accomplished two LNG terminals whereas simply days earlier than completion of its time period on Might 31, it stopped the Port Qasim Authority (PQA) from going forward with bidding for the allocation of a web site for developing a 3rd terminal.

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