NAB opens inquiry against OMCs including PSO
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NAB is conducting inquiry of Money Laundering against Oil Marketing Companies in Pakistan
ISLAMABAD: The National Accountability Bureau (NAB) has sent notices to all the 26 Oil Marketing Companies (OMCs) in the country including state-run Pakistan State Oil (PSO) and its regulator—OGRA to submit a report for their alleged involvement in POL supplies to special areas under AMLA 2010, it is learnt reliably on Tuesday.
“They (OMCs) were asked to provide information u/s 19 of NAO, 1999—Inquiry against Officers/officials of OGRA, OMCs and Others”, said a notice sent to one of the OMCs and available with Newztodays.com.
National Accountability Bureau (Rawalpindi/Islamabad) is conducting inquiry under the provisions of National Accountability Ordinance—1999 and under section 3 of the Anti-Money Laundering Act, 2010, the letter added.
“NAB’s letter is not specific to some OMCs but it is addressed to all the OMCs in the country including PSO by further directing them to provide information regarding supply of POL products to special areas under the provided Performa,” one of the official affiliated with private OMCs in the country told this scribe.
The OMCs both public and private came for the first time under the radar of NAB to be investigated under AMLA Act 2010 and they (OMCs) charged of their alleged involvement in money laundering and whitening the abnormal gains through sales of POL products in special areas, he maintained.
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