Pakistan Steel Mills corruption case: KARACHI: After an extensive trial extending 11 years, a liability court on Friday acquitted all suspects in the Pakistan Steel Mills corruption recommendation.
The accountability court-IV court Suresh Kumar vindicated the suspects from all charges, providing the benefit of doubt.
The implicated consist of Sameen Asghar, Asghar Jameel Rizvi, Chaudhry Shafiq Abbas, Tariq Irshad.
The National Liability Bureau (NAB) had actually submitted the referral in 2012.
According to the referral, the accused embezzled funds in the award of agreements, causing a loss of over Rs13 million to the Pakistan Steel Mills.
Last year, a liability court had actually acquitted former chairman of the Pakistan Steel Mills (PSM) Moeen Aftab Sheikh over lack of evidence in a corruption recommendation entailing Rs490 million.
Ex-PSM chief Moin Aftab Shaikh along with ex-director (commercial) Sameen Asghar had actually been accused of misuse of authority which caused a monetary loss of Rs0.49 billion to the national exchequer.