Raw material worth Rs10 billion ‘stolen’ from Pakistan steel mills
Material over Rs10 billion have been stolen from Pakistan Steel Mills (PSM) in collusion with some officers in the management, according to sources.
The Ministry of Industries and Production has written a letter to the Federal Investigation Agency (FIA) to investigate the matter.
Pakistan Steel Mills Union had written a letter to the Ministry of Industries regarding the incidents of theft.
General Secretary CBA Steel Mills Abdul Razzaq said that a letter was written for a transparent investigation of the theft. The series of thefts in steel mills started during the previous government. Material worth Rs10 billion was stolen from the steel mills, the previous government was informed about the thefts, but no progress was made.
The letter states that there is evidence of the involvement of security and senior management officers in the theft, immediate action and investigation should be done to protect the national assets from looters. On the night of July 27, a group of looters consisting of 50 people attacked the premises of Steel Mills. Copper and wires worth billions were stolen from Pakistan Steel’s plant area.
According to the letter, the security department and employees have remained silent spectators in the current and past thefts.
The Ministry of Industries and Production has written a letter to FIA to investigate thefts in steel mills, stating that the thefts took place in various departments including the main plant, the allegations are very serious and challenged the transparency of steel mills management.