NAB to probe ‘billions looted’ in sugar, wheat crises

ISLAMABAD: The National Accountability Bureau (NAB) on Tuesday announced to begin a “comprehensive” investigation on all aspects of the recent wheat and sugar crises, which witnessed a sharp surge in the prices of the two commodities.

In a statement, the anti-graft watchdog said a decision to probe reports of “plunder worth billions of rupees” through smuggling, price gouging, alleged subsidies and other aspects of these crises was taken during a meeting of the bureau’s executive committee, presided by NAB Chairman Justice (r) Javed Iqbal. NAB Rawalpindi Director General Irfan Mangi has been tasked with investigating the case and present his report within a month.

The statement added that the executive board also gave the approval to close the inquiry against former attorney general Malik Qayyum due to a lack of evidence along with the closure of inquiry against the officers and staff of the Privatization Commission and the managing committee of the Interior Employees Housing Society.

The executive board also gave approval for two inquires, an investigation into the mega corruption against Pakistan Petroleum and an inquiry into the Capital Development Authority private housing society.

Article continues after this advertisement

Earlier this year, the country was battling shortages in the supply of both commodities, which had led to a surge in prices, leading to fierce criticism of the government’s policies as an inflation-battered public was left even more burdened.

Amidst allegations his own aides were behind the crises, Prime Minister Imran Khan had announced an inquiry, promising “strict punishment” for anyone found guilty of profiting from these scandals.

On April 4, two probe reports by the Federal Investigation Agency (FIA) were made public which named PTI leaders Jahangir Tareen, Khusro Bakhtiar, PML-Q’s Monis Elahi and their relatives as the beneficiaries of the crises. However, contrary to the expectations, the report did not hold anyone responsible for the artificial shortage.

Subsequently, on April 6, while terming the inquiry reports on sugar and wheat crises in the country “unprecedented”, Prime Minister Imran said he would wait for a detailed forensic report, which is expected to be released on April 25, on the matter before taking action against anyone.

He vowed that no powerful lobby would be able to gain undue profit and create an artificial shortage of essential items in the future.

The same day, the prime minister reshuffled his cabinet for the third time since forming his government in August 2018. Among others, the minister for national food security, Bakhtiar, who was also named as a beneficiary in the FIA reports, was reassigned to t portfolio of economic affairs.

Reports from the same day also suggested Tareen was removed from his position as the chairman of the country’s Agriculture Task Force. However, the sugar baron denied the reports, saying he was never appointed to any position in the first place.

- Advertisement -
- Advertisement -

Must Read

Govt committed to grant FBR complete autonomy, FM

ISLAMABAD: The incumbent government is fully committed to grant the Federal Board of Revenue operational and financial autonomy to rule out the possibility of...