Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

40,000mt coal import fraud: Court awards 36yrs jail, $2.4m fine to 3 accused

byCustoms Today Report
12/11/2014
in Business
Share on FacebookShare on Twitter

RAWALPINDI: A Rawalpindi accountability court sentenced three accused including former project director of Nizampur Cement Plant for 36 years imprisonment and fine of $2.4 million. They were involved in embezzlement of funds in import of 40,000 metric tons (mt) coal from Indonesia.

According to details, Accountability Judge Chaudhry Anwaar Ahmed Khan took up coal import funds embezzlement reference. Muhammad Tariq Bhatti, special public prosecutor of National Accountability Bureau (NAB), appeared before the court and concluded his arguments seeking punishment for the three as during trial they were found guilty.

You might also like

Pakistan offers 1,000 acres of land to Turkish investors in Karachi Industrial Park

04/11/2026

Pakistan surpasses vietnam in rice exports during September 2026

03/11/2026

The court disqualified the accused under NAB Ordinance Section 15 for holding any public office. The court also imposed ban on the accused to obtain any loan from any bank. Soon after court’s verdict, police arrested all the three accused from the courtroom.

The judge laid down his verdict by awarding 36 years imprisonment to three accused including Muhammad Shaffique, former project director of Nizampur Cement Plant, Jamil Malik, owner of Unique Agencies, and Brig (Retd) Hamid Mehmood, owner of Khalid Trading Company. The judge also imposed $2.4 million fine on the accused. A police team nabbed the accused and shifted them to jail.

The NAB special public prosecutor while taking to media persons said that the accused were arrested by NAB in connection with embezzling huge funds allocated for import of 40,000 metric tons coal for Nizampur Cement Project from Indonesia. A reference was moved with accountability court in 2006, he said. Sharing details, he said that the three accused allegedly broke a deal of importing coal worth 2.4 million dollars from Indonesia while Muhammad Shaffique signed the memorandum of understanding (MoU). He added that the task of providing the coal to cement plant was assigned to owner of Unique Agencies Karachi Malik Jamil. However, he said, the accused included illegally a third person namely Brig (Retd) Hamid Mehmood of Khalid Trading Company, who withdrew the amount through bogus documents for the purpose. It was also decided among the three accused that Brig (Retd) Hamid Mehmood would deal with the two other accused for which Malik Jamil was paid extra amount to bring coal to Nizampur Cement Plant. He said that later the accused did not import any coal from Indonesia and the NAB arrested them and filed a reference with accountability court.

The special public prosecutor also revealed that earlier Brig (Retd) Hamid had tried to fix the matter with NAB through plea bargaining but later he preferred to face the trial.

Tags: coal importcourtfinejail

Related Stories

Pakistan offers 1,000 acres of land to Turkish investors in Karachi Industrial Park

byCT Report
04/11/2026

ISTANBUL: Pakistan has offered 1,000 acres of land earmarked for Turkish enterprises in Karachi Industrial Park, inviting Turkish companies to...

Pakistan surpasses vietnam in rice exports during September 2026

byCT Report
03/11/2026

ISLAMABAD: Pakistan recorded a significant increase in rice exports in September 2026, overtaking Vietnam despite tensions in the Gulf region...

SECP blocks inactive companies from opening new bank accounts

byCT Report
02/11/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Saturday declared 39,704 companies “Inactive by Registrar” for failing to...

OGRA increases RLNG prices by up to 15.3pc in October

byCT Report
31/10/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased regasified liquefied natural gas (RLNG) prices by up to 15.3%...

Next Post

1,860MW power projects to be started soon at Thar coal

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.