The Anti-Corruption Establishment (ACE) has registered a case over alleged financial irregularities in the Yellow Line Bus Rapid Transit (BRT) project.
Former Project Director Zameer Abbasi and Procurement Director Jhuman Das have been named in the case, which relates to the alleged mismanagement of billions of rupees in project funds.
According to a report, the allegations are linked to the construction of the Jam Sadiq Bridge and two depot projects under the Yellow Line BRT scheme.
The case states that contractors were paid Rs. 8.5 billion without obtaining bank guarantees, resulting in unsecured financial exposure and a potential loss of Rs. 1.25 billion to the national exchequer.
ACE said the case was registered after an inquiry committee found evidence of financial mismanagement and irregularities. The accused have been booked under relevant provisions of the Pakistan Penal Code and anti-corruption laws.
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