Shahid Khaqan Abbasi’s physical remand extended for 14 days in LNG case

ISLAMABAD (92 News) – An accountability court on Thursday extended the physical remand of former prime minister Shahid Khaqan Abbasi for 14 days in the liquefied natural gas (LNG) case. The former prime minister Shahid Khaqan Abbasi is facing charges of corruption and awarding a LNG import contract at exorbitant rates in 2015, which caused big loss to the national exchequer.Sources said that he had granted a tender worth Rs220 bn to a firm in which he himself was a shareholder. NAB sources said that Abbasi, in 2013, had awarded a LNG import and distribution contract to the Elengy Terminal in violation of the Public Procurement Regulatory Authority (PPRA) rules and relevant laws. On July 18, the NAB arrested PML-N vice-president Shahid Khaqan Abbasi from the Toll Plaza near Thokar Niaz Baig in LNG case. On Jan 2, the NAB Executive Board had authorized two investigations against Mr Abbasi, being former minister for petroleum and natural resources — one for his alleged involvement in irregularities in LNG import and the other related to the appointment of Naeemuddin Khan as president of the Bank of Punjab. The NAB inquiry found that the SSGCL signed a 15-year contract with a subsidiary company of Engro for re-gasification of LNG at fixed daily processing charges. The government authorized the Pakistan State Oil to procure LNG on behalf of the SSGCL. However, the NAB reopened the inquiry against Abbasi in October 2018.