Karkay Karadeniz still owes Rs11 billion

[Cirit]

ISLAMABAD: The Supreme Court on Monday noted that Karkay rental power company owed Rs11 billion in outstanding payments and directed the National Accountability Bureau (NAB) to recover the amount.
A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Gulzar Ahmed and Justice Sheikh Azmat Saeed observed that NAB chairman will be accountable if the ship carrying Karkay rental power plant had left Pakistan without paying its dues.
During the hearing, a statement signed by NAB’s chairman Admiral (r) Fasih Bokhari and director-general Shehzad Akbar Bhatti was also submitted in the court, in which it was admitted that Rs11 billion were payable against Karkay power company.
At the previous hearing, NAB had contended that $1.72 billion were payable against Karkay power company. The chief justice noted that there was a huge difference between the last and current statement of NAB on the money Karkay power company owed the exchequer.
“If any change is brought in the sum of amount payable against Karkay or the Karkay ship leaves Pakistan’s waters without paying due amount, the NAB chairman will be responsible”, the chief justice observed.
Prosecutor General NAB KK Agha told the court that the Karkay ship was still present in Pakistan’s territory. He added that several notices have already been issued to Karkay power company, however no one has responded.
Disposing of the plea of Faisal Saleh Hayat in rental power case, the court directed NAB to recover all outstanding amounts against Karkay and then allow its ship to leave the country

Rental Power: SC directs NAB to recover outstanding dues from Karkay – The Express Tribune

Pakistan 120 milyon dolar istiyor - Hrriyet EKONOM

 

[Saithan]

I was under the impression that when the contract got terminated the unspent money was returned to pakistan, and that everything was accounted for. If the expenses used covers the cost of what has been delivered and the remainder returned how can there be any more "oweing", or have we reached the "bribe" level ?

 

[Ottoman-Smack]

What is this a joke? They must release our ship at once!

 

[Armstrong]

I was under the impression that when the contract got terminated the unspent money was returned to pakistan, and that everything was accounted for. If the expenses used covers the cost of what has been delivered and the remainder returned how can there be any more "oweing", or have we reached the "bribe" level ?

What is this a joke? They must release our ship at once!

There has been abundant corruption in the Rental Power fiasco across Pakistan !

Let our Courts solve that...respect our Courts !