Corruption leading PSM to bankruptcy: CJP

ISLAMABAD Pakistan Steels Mills (PSM) is on the brink of bankruptcy not only due to irregularities in its canteen tenders but also because of those influential persons who have caused a loss of Rs 22 billion to it, the Supreme Court observed on Tuesday. While hearing the case of Rs 120 million corruption in the canteen of Pakistan Steel Mills, Chief Justice Iftikhar Muhammad Chaudhry remarked over FIA investigation that the big guns were moving freely and the helpless people were being made scapegoats, adding, If you (FIA) have courage, probe into Rs 22 billion corruption that has brought the PSM near bankruptcy. Justice Khalil-ur-Rehman Ramday, one of the three judges hearing the case, asked the FIA officials, You are deceiving us by investigating into such a low level corruption, asking if the corruption at the PSM canteen was the sole reason behind the current situation of Pakistan Steel Mills. Deputy Attorney General Agha Tariq apprised the court of Rs 120 million irregularities made by contractor of the canteen Atiq Ahmad Khan but he could not tell the court about he details of the corruption. To which Justice Ramday remarked, You have become our liability, you are wasting our time by delivering confused statements. Later, the Supreme Court dismissed the bail application of accused contractor Attiq Ahmed Khan.

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