SC rejects FIA inquiry into PSM scam case

Malik Israr Hussain was removed from the position of CEO of Pakistan Steel Mills on Friday.


Express June 25, 2010

Malik Israr Hussain was removed from the position of CEO of Pakistan Steel Mills on Friday.

According to sources, his removal could be the result of the bailout package, which was announced by the prime minister. During the announcement the PM Gilani had made it clear that poor performance and corruption will not be tolerated.

However the actual reason for his termination is still unknown.

There are also reports that Ministry of Industry and Production has issued a notification to confirm his removal.

Hussain was appointed CEO of the steel mills in March.

Earlier in the day the Supreme Court (SC) had rejected the Federal Investigation Agency's (FIA) inquiry report into the Pakistan Steel Mills (PSM) corruption case.

During the court proceedings on Friday, the court slammed the government for not taking the case seriously.

The court warned that nobody will be spared if the money is not recovered.

The chief justice criticised the FIA for releasing the accused on bail. Justice Ramday remarked that the FIA is making money by blackmailing people.

The hearing has been adjourned for three weeks.

In the last hearing, the deputy attorney informed the court about irregularities amounting to Rs120 million in the mills’ canteen. The official had failed to provide details of the corruption.

COMMENTS (2)

KM | 11 years ago | Reply Corruption will end only if you start punishing the convict publicly, and it is equivalent to treason, based on actions against the Line of Duty, hence the organization and the country. The corrupt should be met with punishments that confiscates double the amount that they have plundered, and if they still don't behave then hang them. A non muslim country like China seems more muslim in its judicial system, that us the so called ISLAMIC REPUBLIC OF PAKISTAN.
Hasan | 11 years ago | Reply SC , its time to take action i dont know why u guys are taking so much time is ordering the right thing , those who are involved should be arrested without wastin any more time , if police failed to do this then u have all the right to call army in cause wht we are seing as a common man show all derma as a joke as gov is makin fun of SC , if we see past cases where u guys have ordered something nothing so far is followed by the gov so time to take action , we dont have time we need to close these long awaited cases and move foward asap if need to reach somewhere
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