Court acquits Farooqui in NAB reference

KARACHI (SANA): Accountability Court acquitted former chairman of Pakistan Steel Mills Usman Farooqui in a corruption reference here on Friday.

Farooqui was accused of corruption, causing a loss of Rs17 million to the national exchequer during purchase of a ferrous manganese contract while misusing his office as PSM chairman in Dec 1995.

The petitioner’s counsel, Raza Hashmi, earlier contended that all other co-defendants in the case had been acquitted by the Accountability Court (AC) due to lack of evidence and the petitioner was present in jail at the time the reference was filed against him but he was not produced before the trial court to defend charges against him.

The court Judge Riaz Rajput in his verdict today announced acquittal of Usman Farooqui.

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