The National Accountability Bureau (NAB) has filed a reference against the former Managing Director and seven other officials of Pakistan State Oil (PSO) along with a private petroleum firm in a Rs. 23 billion corruption case.
NAB has named the officials of the state-run oil company and Byco Petroleum Pakistan Limited as suspects in a reference filed in the accountability court in Karachi.
The reference pertains to the alleged corruption in the purchase and sale of petroleum projects. The reference mentions PSO ex-chief Naeem Yahya Mir, former general manager (retail and consumer business) Syed Zulfiqar Ali Jaffri, former GM supply Akhtar Zameer, director general (oils) Sabir Hussain, and former director of the ministry of petroleum and natural resources and several others.
The administrative judge of the accountability courts has issued the arrest warrants for the ex-chief PSO, DG (oil), and the chief executive officer (CEO) of the said private firm while referring the case to Accountability Court-IV for trial.
According to the anti-graft watchdog, the former director of petroleum ministry and the PSO officials misused their authority while serving on their positions, engaged in corruption, and connived with the Byco officers in corrupt practices.
NAB stated that these individuals had caused Rs.23 billion worth of losses to the national exchequer.