The biggest fraud in the history of Pakistan has been unearthed by Dunya News that reveals that several of the oil wells in Pakistan have been emptied in the name of test production. Oil and gas worth Rs. 134 billion have been sold illegally during the last three years while two companies named as OMV and Mole have sold oil and gas worth Rs. 40 billion in 2014 alone.
Billions earned in the name of gas development surcharge and petroleum levy have also been eaten up. Rs. 48 billion out of these 134 billion were recovered but 86 billion rupees have already been eaten up by the companies.
According to Dunya News investigation, some of the companies which got oil exploration licenses did not even dig a singlewell in during last ten years. Dunya News has obtained the list of 40 companies that are involved in this scandal.
According to the report, one of the companies did not give any account of the Rs. 4.19 billion that it received in the name of petroleum levy. Audit report and other important documents in this regard have been obtained.
Both the governmental gas companies are also involved in these mass irregularities.
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