Accountability court reserves verdict on Nandipur reference
ISLAMABAD (92 News) – An accountability court on Monday reserved its verdict on the Nandipur power project reference and will announce it on February 20.
Babar Awan, while concluding his arguments, stated that there was no proof that the Nandipur project was delayed due to him.
Earlier, the accountability court had directed Babar Awan and former prime minister Raja Pervez Ashraf to submit bail bonds worth Rs 0.2m each.
Soon after the reference was filed, Babar Awan had resigned from the post of advisor to the PM and said that he had resigned to prove that the allegations against him were baseless.
In 2012, a one-man commission comprising Justice (r) Rehmat Hussain Jafferi had revealed in a report that due to the delay in the project, the national exchequer had suffered a loss of Rs27 billion.
The project was approved by the Economic Coordination Committee (ECC) on December 27, 2007, at a cost of $329 million.
On January 28, 2008, the contract was signed between the Northern Power Generation Company Limited (NPGCL) and the Dong Fang Electric Corporation (DEC), China and two consortiums – COFACE for 68.967 million euros and SINOSURE for $150.151 million – were set up for financing the project.
The Water and Power Ministry had sought legal opinion on the project from the Law Ministry in accordance with the schedule of the agreement in July 2009, but the accused repeatedly refused to do so.
Furthermore, the Ministry of Water and Power also failed to take concrete steps to resolve the issue, and the matter remained pending.
According to details shared by the NAB, after Awan was replaced as the law minister, a legal opinion was issued in November 2011 – after over two years. This inordinate and malafide delay caused a loss of Rs27 billion to the national exchequer.
During the investigation, it was established that the accused committed the offence(s) of corruption and corrupt practice, as defined in u/s 9 (a) (vi) and (xii) read with Sr.5 of Schedule Offences of NAO, 1999.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔