In June 2009, the National Accountability Bureau (NAB) furnished to the Justice Bhagwandas Commission a report on alleged wrongdoings by government functionaries and the oil industry that caused losses of over Rs83 billion in five years.
The NAB report that covered the petroleum pricing mechanism between June 2001 and June 2006 was originally submitted to the then president Gen Pervez Musharraf and prime minister Shaukat Aziz on June 13, 2006 by the then NAB chairman Lt-Gen (retd) Shahid Aziz. The report was never made public, but Gen Aziz was immediately shown the door unceremoniously.
The report observed that “It is sufficiently evident that (functionaries in the) Ministry of Petroleum in collusion with the Oil Companies Advisory Committee (OCAC), oil industry and oil marketing companies (OMCs) have engaged themselves in corrupt practices for generating colossal undue financial gains for refineries and OMCs at the cost of public and economy as a whole”.
Petrol crisis probe
December 19, 2020
The inquiry commission set up to investigate the petroleum crisis of June this year has recommended that the Oil and Gas Regulatory Authority (Ogra) be dissolved. Other recommendations include departmental proceedings against top officials of the Petroleum Division and halting the operations of petroleum company Byco. The commission s report estimated that oil worth over Rs250 billion is smuggled in from Iran and that several operations in the oil sector were going on illegally, with no monitoring from the so-called regulator.
Ogra s performance was so bad that the commission actually went beyond its mandate and argued for an audit of all regulatory bodies for all sectors. At this point, we don t even need to go into the details of the report. How bad does an institution have to be that its poor performance leads investigators to look into anyone and anything remotely resembling it?
National
December 15, 2020
ISLAMABAD: The five-member Inquiry Commission headed by Abubakar Khudabaksh, Additional DG FIA, to probe into the shortage of petroleum products that hit the country in June, 2020 has recommended strict action against secretary Petroleum Division, DG Oil, Ogra and private oil marketing companies (OMCs).
The commission’s report also asked for dissolution of Oil and Gas Regulatory Authority (Ogra) for six months through act of Parliament, arguing it is not aligned with the ground realities. The Government of Pakistan constituted it on July 28, 2020 to probe into the shortage of petroleum products.
The 155-page report submitted to the federal cabinet that meets today (Tuesday) , mentions the catalogue of failures of Ogra since 2002 that includes dishing out licenses to OMCs without ensuring actual enhancement of storage facilities, failure to ensure minimum stock requirements, imposition of ritual fines on OMCs for drying out their retail outlets during
Inquiry Comission s Incriminating Report Points Out Incompetent Officials in MoEPD propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.