ISLAMABAD: The National Accountability Bureau, Karachi, has distributed more than Rs 1 billion checks among various state officials, including the Sindh government, Pakistan Petroleum Ltd, Pakistan State Oil, and the Federal Revenue Council. The check distribution ceremony was held at the NAB Karachi office on Thursday during which DG NAB Karachi Dr Najaf Quli Mirza distributed the check totaling Rs1001,413 million. A total of Rs 29,648 million was handed over to the representative office of the chief secretary of Sindh. The recovery was carried out by NAB Karachi through petition bargaining under NAO, 1999 from the corrupt elements who supported the various departments of the Sindh government. Another check for Rs2.04 million was handed over to the chairman’s representative, the Federal Revenue Council (FBR). This recovery was made in the hearing of Ref No 18-B / 2017 entitled “The State V / s Muhammad Zubair Butt” which was filed by NAB Karachi in which accused Muhammad Zubair Butt of admitting his guilt for obtaining an illegal sales tax return and choosing plea bargain, which was approved by Accountability Court. The illicit money of Rs2.04 million was returned to FBR. A check for Rs903,218 million has been submitted to the MD representative, Pakistan Petroleum Ltd. This major recovery was carried out by NAB the Karachi of the defendant Kamran Iftikhar Lari, former chief operating officer (COO), BYCO Petroleum Pakistan Ltd. An investigation into Pakistani State Oil (PSO) officers and others regarding the abuse of power by PSO management in the signing of a Buy / Sell agreement with M / s Byco Oil Pakistan Ltd was authorized during the arrest of the former minister of Petroleum & Natural Resources. After the examination is complete, Reference No 26/2018 is submitted by NAB Karachi to PSO and BPPL officers.
During the trial of the case, Kamran Iftikhar Lari, former COO, BYCO Petroleum Pakistan Ltd, pleaded guilty and returned the illicit money. Another recovery of Rs66,507 million was also handed over to the MD representative, Pakistan State Oil.
This was also found from the defendant Kamran Iftikhar Lari, former COO, BYCO Petroleum Pakistan Ltd, in the references cited above. The other defendants face trial at the Karachi Accountability Court.