ISLAMABAD  - National Accountability Bureau (NAB) has taken notice of serious irregularities in procurement of Pak-Arab Refinery Limited (PARCO) and has sought record from Securities and Exchange Commission Of Pakistan (SECP) about three procurements of Pak-Arab Refinery Ltd (PARCO), after the non co-operation of the company, The Nation has learnt. 
Sources privy to the development informed The Nation that in a letter addressed to Chairman (SECP), NAB has sought details about these procurements.
Sources said PARCO made three procurements including diesel hydro desulphurisation (DHDS), asphalt air blowing unit and Distribution Control (DCS) /Emergency Shut down (ESD) system for the refinery.
Sources said that PARCO was approached for the same but it refused to give information to the NAB stating it outside the scope of Section 33-b of National Accountability Ordinance (NAO), 1999.
Section 33-b of NAB ordinance reads; “all Ministries, divisions and attached departments of the Federal government, all departments of provincial and local governments, statutory corporations or authorities established by the Federal government or provincial government and holders of public office shall furnish to NAB a copy of any contract, entered into by such Ministries, divisions and attached departments of the Federal government, all departments of provincial government or Local Government, statutory corporations or authorities established by the Federal government or provincial government or such holder of public office on its behalf, as the case may be, of the minimum monetary value of fifty million rupees or more, within such a time as is reasonably practicable from the date of signing such contract.”
To proceed further in the matter, apex anti-graft agency has now approached the SECP to provide, the article of association, memorandum of understanding and Form A and Form 29 for the year 2012 and 2013.
Earlier, NAB (KPK) on Thursday arrested two more officials of Income Tax Department Abbottabad namely Masood Ur Rehman and Ali Afsar allegedly involved in fake income tax refund case causing a loss of Rs 160 million to the exchequer. Asif Haider Orakzai of Income Tax Department Muhammad Siddique and Muhammad Haroon officials of FBR are already in the custody of NAB Khyber Pakhtunkhwa in the same case.
The accused persons on the pretext of assistance to the affectees of 2005 earthquake prepared bogus income tax refund through collecting signed cheques from innocent earthquake affectees during 2008-09 and embezzled the huge amount of Rs 160.00 million. NAB (KP) is interrogating the accused persons. More arrests are likely in coming days.