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Thu 31 Jan 2013 10:12 AM

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Pakistan's ex oil and gas chief arrested in UAE

Tauqir Sadiq accused of embezzling US$850m while head of regulator from 2009 to 2011

Pakistan's ex oil and gas chief arrested in UAE
oil, gas, oil and gas, energy, oil refinery, GCC energy, Middle East energy, OPEC

The former head of oil and gas in Pakistan has been
arrested in Abu Dhabi on suspicion of embezzling US$850m, according to media

Tauqir Sadiq is accused of receiving kickbacks and
commissions while he was chairman of Pakistan’s Oil
and Gas Regulatory Authority between 2009 and 2011.

The allegations relate to a similar
investigation against Prime Minister Raja Pervez Ashraf, who is accused
of receiving bribes paid by power companies while he was Water and Power
Minister in 2010, according to BBC News.

Both men deny the charges.

Sadiq is expected to be deported to Pakistan within days,
following legal formalities.

His passport was cancelled by the Pakistan Supreme Court
earlier this month.

The court also has ordered the arrest of Ashraf and 15

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Never going back 7 years ago

What a shame, stealing nearly a billion dollars from a poor and an already mismanaged nation in the name of democracy. This guy should be ashamed of himself. Million of poor Pakistani people are deprived of basics like food,electricity, clean water and natural gas.
I would really like to add that when General Musharraf was our president we were much better off, infect we were doing very well economically and foreign investment wise in the first time in the history of Pakistan.
What I don't understand about Pakistan and Pakistani people that why they keep on doing the same thing over and over again and expect different results. It's the same people who came into power twice before and this time they made sure that they dry up all the funds and work day and night to make this country a failed state.
An advise to 175 Million Pakistani people out of 180 Million " If you people keep on choosing the same people to rule your lives then don't complain and don't call it your fate".