Pakistan: NAB to investigate misuse of huge subsidies by sugar mills owners and others

Islamabad: The National Accountability Bureau (NAB), prime anti-graft body of Pakistan, has initiated an investigation regarding misuse of subsidies by sugar mills owners and formed a combined investigation team (CIT) for the same.

According to the local media report, NAB took the decision on Friday in a meeting that also made a detailed review of the report of a commission of inquiry formed in March this year to probe into a sudden surge in sugar prices in January.

The commission had in its preliminary report stated that the sugar mills owned by politicians including Asif Ali Zardari of PPP, Shehbaz Sharif of PML-N, Jahangir Tareen and Kusro Bakhtiar of PTI and Moonis Elahi of PML-Q were the major beneficiaries of the crisis.

The commission later released a forensic report on May 21 stating that these sugar millers have earned illegal profits worth billions of rupees through this. Some sugar millers challenged the report in court and the government referred the case to the NAB to investigate misappropriation in subsidies given to sugar mills.

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