Federal Investigation Agency (FIA) has made significant progress in investigation into embezzlement, worth billions of rupees, allegedly committed by oil marketing companies (OMCs) in collection of petroleum levy and recovered Rs 440 million. According to an official, the OMCs have deposited Rs 440 million in the national exchequer.

Interior Minister Chaudhry Nisar Ali Khan on December 28 last directed the FIA to investigate the embezzlement allegedly committed by the OMCs in collection of petroleum levy. He further directed the agency to expedite the pace of investigation in this regard, he added. He said the OMCs have collected billions of rupees from the public under head of petroleum levy, but they did not deposit the amount in the national exchequer.

Copyright Business Recorder, 2017