NAB yet to serve Karkey notice

ISLAMABAD - National Accountability Bureau (NAB) on Tuesday said that no recovery notice of $ 120 million had been issued to Turkish rental power plant, Karkey Karadeniz Elektrik Uretin.The NAB spokesman Zafar Iqbal Khan said that NAB would decide the matter in two to three days in the light of Supreme Court’s decision and so far no recovery notice had been issued to the Turkish company. Earlier on Monday, the Supreme Court had warned the National Accountability Bureau (NAB) that if Karkey electric power generation ship leaves the Karachi port without paying the outstanding amount, the Bureau’s Chairman would be responsible.A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry including Justice Gulzar Ahmed and Justice Azmat Saeed was hearing the case of non-implementation of Supreme Court judgement on Rental Power Projects while they disposed off a complaint made by Faisal Saleh Hayat against Karkey.At the outset of the hearing, NAB Director General (Operational) Shahbaz Bhatti informed the court that as per their calculation, $120 million are outstanding against the ship-mounted Turkish power plant. But NAB Prosecutor General K K Agha contended that ultimately the NAB Chairman has to decide about the amount.The Chief Justice asked petitioner Faisal Saleh Hayat and the NAB to sit down at the Registrar’s Office and calculate the exact amount due against the Karkey and inform the bench about it after the break. After the interval Bhatti said, at present, they have found out approximately $120 million against the Karkey power project.

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