NAB decides to launch formal probe into LNG scandal

ISLAMABAD: The Nationwide Accountability Bureau (NAB) on Friday determined to formally launch investigation into Liquefied Pure Fuel (LNG) scandal towards former prime minister Shahid Khaqan Abbasi.

The anti-corruption watchdog has really useful to transform LNG scandal inquiry into investigation for which, a report has additionally been despatched to headquarters.

In June 2018, NAB had accredited inquiry towards former premier Nawaz Sharif and Abbasi, who was ex-minister for petroleum and pure sources at the moment, in granting contract of LNG terminal for 15 years to their ‘favorite’ firm.

It was additionally noticed that this contract had allegedly brought on a lack of billions of rupees to the nationwide exchequer.

The NAB in January interrogated former finance minister Miftah Ismail in the identical case.

Based on NAB paperwork, the contract for the LNG import and distribution was awarded to the Elengy Terminal, a subsidiary of Engro, in 2013 in violation of the Public Procurement Regulatory Authority (PPRA) guidelines and related legal guidelines.

The apex courtroom on September 10, 2018 had directed the NAB to finish the inquiry towards Abbasi and others for the alleged corruption within the LNG contract.

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