The Supreme Court (SC) was presented a report by the Pakistan Steel Mills’ attorney Fakharuddin ji Ibrahim that disclosed that the Pakistan Steel Mills has borne a loss of 26.5 billion rupees so far.
According to a private television channel, a three-member bench chaired by Chief Justice Iftikhar Muhammad Choudhry heard the case.
Ibrahim presented a forensic audit report to the apex court.
According to the report, the mill bears a daily loss of Rs 40 million which accumulates to more than a Rs one-billion monthly loss.
The attorney also claimed that the officials who were involved in the corruption have been released on bail and the former chairman of the mill has never been detained.
Ibrahim also suggested that the case should be forwarded to the National Accountability Bureau (NAB) to which the Chief Justice agreed.
The Chief justice adjourned the hearing till the March 15.
The common man for whose rights PPP claimed to have stood for in the elections of 70's and subsequent elections stands on his workstation without protective gear.
This picture alone speaks a thousand words about our non-accountable political masters of Pakistan, both in the government and outside, who have failed to deliver to masses in more ten 60 years.
London
13th March 2012
What a blessing. Who appointed Mr. Fakhur ud din Ji Ibrahim as attorney for Pakistan Steel Mills.Here in Pakistan when there is no fashion of legal audits since long. Only the Chartered Accountants are doing the job. By dint of this, National enterprises has to face a situation like this Report. I request the Concerned corner in government to come forward and make it obligatory for all institutions whether run by Public sector or by private sector to obtain a legal audit from a qualified independent lawyer practicing in a Private Capacity and is of a minimum 10 years standing. This suggestion will function in betterment of the nation as a whole.
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