ISLAMABAD - The National Accountability Bureau (NAB) has obtained physical remand of Tauqir Sadiq, principal accused of OGRA multibillion rupees scam, for two more weeks from an accountability court on Friday.

The NAB investigation team on Friday requested accountability court Judge Muhammad Bashir for obtaining the physical remand of the accused for next fourteen days. The judge sanctioned the request made by the NAB and directed the NAB to produce the accused before the court on August 16.

Tauqir Sadiq is accused of misusing authority, embezzling funds and causing Rs82 billion (approximately $850 million) losses to the national exchequer by converting operating income (regular income) into non-operating income in violation of an agreement signed with the Asian Development Bank and the World Bank, relocating several CNG stations, making illegal appointments, and increasing the benchmark of Unaccounted for Gas (UFG).

He managed the escape from Pakistan soon after the Supreme Court declared his appointment as OGRA chief illegal on November 25, 2012, and ordered NAB to arrest him.

The accused Tauqir Sadiq managed to leave the country although his name was on the exit control list. He was handed over by UAE authorities to a team of NAB officials on July 8.