OMCs under NAB radar for money laundering

Aftab Ahmed

Islamabad: The National Accountability Bureau (NAB) has sent notices to all the 26 OMCs, including state-run PSO and its regulator—OGRA.

The Authority asked OMCs under the petroleum division to submit a report for their alleged POL supplies to special areas under AMLA 2010.

“They (OMCs) were asked to provide information u/s 19 of NAO, 1999—Inquiry against Officers/officials of OGRA, OMCs and Others”, said a notice sent to one of the OMCs and available with Newztodays.com.

National Accountability Bureau (Rawalpindi/Islamabad) conducts the inquiry under National Accountability Ordinance—1999 and section 3 of the Anti-Money Laundering Act, 2010, the letter added.

“NAB’s letter is not specific to some OMCs, but it is addressed to all the OMCs in the country including PSO by further directing them to provide information regarding the supply of POL products to special areas under the provided Performa,” one of the officials affiliated with private OMCs in the country told this scribe.

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The OMCs, both public and private came for the first time under the radar of NAB to be investigated under the AMLA act 2010, and they (OMCs) charged with their alleged involvement in money laundering and whitening the abnormal gains through sales of POL products in special areas, he maintained.