An investigation has been launched into the theft of material worth ten billion rupees at Pakistan Steel.
KARACHI: On the request of the Ministry of Industry and Production, the Federal Investigation Agency (FIA) has started an investigation into the theft of material worth Rs 10 billion in Pakistan Steel.
name, address, and identity of security in-charge, Head of Security Department, warehouse, security guards posted at internal and external doors, and storage, appointed by FIA from Pakistan Steel management from January 1, 2018, to the present.card number, date of appointment, and records of all postings so far have been sought.
Sources in Pakistan Steel revealed that despite the initiation of an investigation into the theft of Rs 10 billion by the FIA, no notice was issued to the management officers involved in the report indicating the theft, nor were they relieved of their current responsibilities. Separated from how these officers and officials are likely to influence the investigation.
Sources say that the former ADGM/in-charge of A&P, Riyaz Hussain Mangi, who was nominated in the theft of 10 billion rupees in Pakistan Steel, was recruited on contract basis the day after his retirement on August 3, 2022. There is complete involvement at every stage, which has put a question mark on the investigation of this historic theft.
After the sudden death of the CEO of Pakistan Steel, Brigadier Retired Shuja Hasan, there was no appointment to the post of CEO by the government. Taking advantage of this, the top management officers named in the theft of Rs. are engaged in lobbying to prove the most suitable candidate for the post of EO.
In a letter to the Federal Ministry of Industries and Production, the Insaf Labor Union (CBA) demanded that the position of CEO of Pakistan Steel be immediately handed over to the Secretary of the Ministry of Industries and Production or any other senior officer so that the CEO could begin his duties immediately. The process of making O’s job permanent can be done openly and on the basis of merit.
