Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Good Fortune trailer
    Videos

    First Trailer for Aziz Ansari’s Good Fortune, Starring Keanu Reeves

    May 29, 2025 2 Min Read
    Last of Us Season 2
    Videos

    ‘The Last of Us’ Season 2 Premieres Date What to Expect From HBO’s Hit Series

    April 13, 2025 2 Min Read
    Disney Snow White box office
    Videos

    Snow White Teaser Drops: Gal Gadot and Rachel Zegler Shine

    February 22, 2025 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Hundreds of billions taken by PPP’s Dr. Asim: Rangers Report
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > World > Hundreds of billions taken by PPP’s Dr. Asim: Rangers Report
World

Hundreds of billions taken by PPP’s Dr. Asim: Rangers Report

Web Desk
By Web Desk Published September 24, 2015 6 Min Read
Share
SHARE

In a detailed report on the high-profile interrogation of Asif Ali Zardari’s right hand man Dr. Asim Hussain since his arrest on August 26, the Sindh Rangers have come up with astonishing figures of corruption with hundreds of billions pocketed by Dr Asim and his bosses.

The 12-page report, officially sent to the National Accountability Bureau (NAB) for further investigation and action, lists details of how the PPP leader took kickbacks from whom and in what amounts.

Officials said earlier yesterday the NAB had already formed a Joint Investigation Team with Rangers to further probe these specific charges and the NAB Chairman Chaudhry Qamar Zaman had already received briefings from both the Rangers chief and the corps commander Karachi to proceed further in the case.

A copy of the Rangers confidential report, available to the media, confirms almost all the charges of astronomical loot and plunder that was so far heard only on the media and was never confirmed by any official investigating agency.

The covering letter of the Rangers report, sent to the NAB on September 9, describes Dr Asim Hussain as “prima donna at the national level” who accrued “mighty illegal benefits which magnified his financial stature and social standing equating him to be indispensable.”

Five other officials of the Sui Gas companies and Petroleum Ministry, who were also arrested and interrogated, gave explicit details of how Dr Asim had collected billions upon billions in kickbacks from companies, even those which were known friends of Asif Ali Zardari.

The persons who were interrogated include Zuhair Siddiqui (ex-Managing Director SSGC), Shoaib Warsi (Deputy MD SSGC), Amin Rajput (Chief Financial Officer SSGC), Fayyaz Merchant (Sr GM SSGC) and Kamran Ehsan Nagi (GM SSGC).

The report states: “Dr Asim has been found involved in various acts of corruption, corrupt practices and misuse of authority as public office holder… He is responsible for inflicting losses to the tune of billions of rupees on the national exchequer…Huge amounts so embezzled were provided to his political masters, which were subsequently used in terror financing and funding target killers.”

The following are the specific cases mentioned in the Rangers report:

—- Dr Asim gave favours and illegal gas connections to KESC, which was owned by Abraaj Group with links to Asif Zardari and Faryal Talpur to the tune of Rs,100 billion.

—- Zuhair Siddiqui admitted that he had paid Rs6-7 billion to Dr Asim collected after illegal gas connections were given to companies including KESC which was allowed to keep Rs62 billion in unpaid gas receivables.

—- He revealed, as per Page-10, para 3 of the Rangers report, that “Dr Asim directed him as MD SSGC to grant liberty to Omni Group of Anwar Majeed, a friend of Asif Zardari, to allow enhanced loads of gas to captive power plants and sugar mills of Asif Zardari through Omni Group, thereby causing loss of billions to the national exchequer.”

—- Dr Asim allowed uninterrupted gas supply to selected textile mills of APTMA and captive power plants and collected Rs150 to 200 million per day as kickbacks.

— Zuhair Siddiqui revealed that a Turkish global company paid US$40 to 50 million to Dr Asim for prequalification as an exporter of LNG gas. Siddiqui himself got $0.25 million as kickback.

—- Para 8 on Page 10 of the report reveals that Dr Asim received daily kickback of Rs2 billion from PSO, through Shah, a Deputy MD PSO, and Jaffery, a GM, whose brother is a close friend of Asif Zardari.

—- Dr Asim received Rs1 billion as kickback from Abbas and Khalid Steel Mills.

Dozens of similar details of what amounts were taken in land deals with Manzur Kaka, the building authority official who has escaped from Pakistan, PMDC issues and oil kickbacks, have also been revealed in the report.

These specific charges will now be investigated in detail by the JIT of Rangers and NAB and references will then be sent to the court.

The Rangers report also reveals that all banks in the country were ordered to submit the entire financial data of Dr Asim and other arrested persons while all of them were to be placed on the ECL so that they could not leave the country.

On September 11, 2015, two days after the Rangers report was received by the NAB, a letter was issued to form the JIT which has now been set up and has started its work.

The astounding figures quoted in the report over a period of 4 to 5 years would amount to hundreds of billions of rupees collected by Dr Asim and his associates for his bosses.

There is no mention in the report how these huge amounts were transferred overseas or whether this money was still in the Pakistani banks but all accounts have been seized.

Read : Arrested PPP leader Asim Hussain taken to hospital due to cardiac pain
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

JD Vance marriage rumors

JD Vance Calls Elon Musk’s Attacks on Trump a “Huge Mistake”

Justin Bieber mental health

Justin Bieber’s Recent Photos Spark Fan Concern for His Mental Health

Ric Flair skin cancer

WWE Legend Ric Flair Faces Skin Cancer Again

Chappell Roan Primavera Sound

Chappell Roan Steals the Show at Primavera Sound with Viral Dance Moment

Britney Spears New Name in Mexico

Britney Spears Embraces New Identity as Xila Maria River Red in Mexico

Post Archives

More Popular from Photonews

Oscar Pistorius
Sports

Oscar Pistorius Returns to Competition 12 Years After Reeva Steenkamp’s Murder

2 Min Read
Bohra Community Eid
Sindh

Bohra Community Celebrates Eid-ul-Adha with Religious Fervor

2 Min Read
Karachi Earthquake
Sindh

Karachi to Experience Mild Tremors for 2-3 Days: PMD Chief

2 Min Read
Sports

Carlos Alcaraz Reaches French Open Final 2025 After Musetti Retires

On June 6, 2025, defending champion Carlos Alcaraz advanced to his second consecutive French Open final…

June 6, 2025
Sports

Cristiano Ronaldo’s 137th Goal Seals Portugal’s Nations League Final Spot

Cristiano Ronaldo scored his 137th international goal, leading Portugal to a 2-1 comeback victory against Germany…

June 5, 2025
Top NewsWorld

Elon Musk Slams Trump’s Spending Bill as “Disgusting Abomination”

Elon Musk publicly criticized U.S. President Donald Trump’s proposed $3 million spending bill, calling it a…

June 3, 2025
Tech

Over Half of Top TikTok Mental Health Videos Spread Misinformation, Study Finds

On June 1, 2025, a Guardian investigation revealed that 52% of the 100 most popular TikTok…

June 1, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?