Sindh

Corruption case: Former Steel Mills chief's bail extended

Moin Aftab approached court after NAB initiated inquiries into his alleged sale of PSM's products to private companies

Our Correspondent November 16, 2016

Committee also urges management to withdraw chargesheet against employees. PHOTO: REUTERS

KARACHI: While extending the bail granted to the former chairperson of the Pakistan Steel Mills (PSM), the Sindh High Court (SHC) directed the National Accountability Bureau (NAB) investigators to apprise the court about the progress of the probe into the Rs378-million corruption scam by November 25.

Moin Aftab Sheikh had approached the court after NAB initiated inquiries into his alleged sale of PSM's different products to private companies at very low rates.

The bureau alleged that the scam caused losses worth Rs378 million to the national exchequer. It has named the former chairperson, along with 65 others as accused in the case.

On Wednesday, the NAB prosecutor insisted that they had sufficient evidence available regarding Sheikh's involvement in the scam, adding that a reference against the accused has also been filed with the national accountability court.

The official pleaded to the court to dismiss the petitioner's bail plea but the court extended the bail.

Published in The Express Tribune, November 17^th, 2016.