KARACHI: The accountability court in Karachi on Friday indicted former petroleum minister Dr Asim Hussain along with five others in Rs462 billion corruption case.
Dr Asim Hussain, close aide of former president Asif Ali Zardari, is accused of Rs462 billion corruption in the ministry of petroleum during his tenure.
According to National Accountability Bureau (NAB), Dr Asim created artificial shortage of gas during his tenure as a result urea fertilizer prices skyrocketed and touched Rs1830 from just Rs850.
Due to this, the government provided a subsidy on urea import which caused Rs450 billion loss to national exchequer from 2012 to 2013.
Dr Asim also acquired land illegally for establishment of Ziauddin Hospital, according to the NAB document present by the prosecutor in the court.
Dr Asim pleaded not guilty, saying he was being politically victimized. He said charges framed against him were fake.