KARACHI: Ayaz Maher, head of the Karachi FIA’s Corporate Crime Circle, has submitted a detailed report to the Public Accounts Committee (PAC) regarding the investigation No 3/23, which has been going on in the circle under his supervision for two years.
The report notes that a petroleum company did not deposit the amount of levy on the sale of gasoline from 2019 to 2022 to the government treasury through alleged fraud, and the amount has reached Rs47 billion.
It is written the plaintiff of this fraud was Ashfaq Ahmed, Deputy Director of the Ministry of Energy and Petroleum.
As many as 13 people were named among the accused, including the owners, two women and the board of directors, including a former MD of KESC. After two years of investigation by various investigating officers, the company finally paid the first installment of Rs1 billion in cash, showing willingness to deposit Rs47 billion in the government treasury.
For the remaining Rs46 billion, post-dated cheques and unconditional and irrevocable bank guarantees were deposited.
FIA Circle Head Deputy Director Ayaz Meher confirmed that the report has been submitted to the Public Accounts Committee.
