Rs386b to be recouped from sugar barons
PM sought briefing on commission report findings
PHOTO: REUTERS
ISLAMABAD:
The government has decided to recover Rs386 billion from the sugar mills responsible for an acute shortage of the commodity last year.
According to sources, Prime Minister Imran Khan, in a recent cabinet meeting, asked Adviser to the Prime Minister on Accountability Mirza Shahzad Akbar to brief the cabinet about the actions taken so far on the report of a sugar commission that conducted a probe into the crisis.
The commission led by the Federal Investigation Agency (FIA) had accused sugar mill owners of earning illegal profits worth billions of rupees through unjustified price hikes, benami transactions, tax evasion, misuse of subsidy and purchasing sugarcane off the books.