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Fraud in Rs75m iron scrap deal of 2010: Supreme Court summons ex-minister Bilour, Sindh AG

31/01/2015
in Business
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ISLAMABAD – In the corruption case of Rs75 million iron scrap deal struck during the last PPP government, the Supreme Court issued notices to former federal minister of Pakistan Railways and summoned the investigation officers.

The SC summoned ex-minister Pakistan Railways Ghulam Ahmed Bilour, Advocate General Sindh. Jawad Ahmed, Director of Pakistan Steel Traders, is accused of illegally getting accredited Rs75 million of Pakistan Railways amount to his account. This money was to be paid back by Pakistan Steel Mills to Pakistan Railways but was accredited in Jawad’s account in 2010.

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The accused had received Rs75 million but supplied material to Railways worth Rs29 million. The alleged beneficiaries of the huge amount also include a former federal minister for railways and three senior officers of PR.

Additional Prosecutor General NAB Dil Alizai informed the court that the company neither returned rest of the scrap nor supplied scrap to the Railways, therefore, the businessman was arrested. The court observed other persons involved in allegedly getting bribe in the deal are freely moving. It told the accused counsel, Farooq Amjad Mir, if his client immediately can pay back Rs25 million and rest of the amount in instalments, they would consider granting him bail.

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