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PSM Chairman & Finance Director Acquitted In Graft Case

Steel News - Published on Tue, 03 Sep 2019

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Dawn reported that an accountability court on Saturday acquitted former chairman Mr Moeen Aftab and director finance Mr Sameen Asghar of the Pakistan Steel Mills in a graft case pertaining to purchase of raw material at inflated prices to receive kickbacks. The National Accountability Bureau had alleged that Mr Aftab in connivance with Mr Asghar approved the purchase of raw material for the PSM at higher prices than the market price and caused a loss of PKR 378.196 million to the national exchequer.

The judge observed that the prosecution could not prove its case against the accused and acquitted them. Both the accused were on bail in the case and have been facing similar alleged corruption cases in other courts.

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Posted By : Rabi Wangkhem on Tue, 03 Sep 2019
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