Parker Russel appointed to investigate Hascol’s fraud

News Image

By MG News | January 24, 2022 at 01:43 PM GMT+05:00

0:00

January 24, 2022 (MLN): The management of Hascol Petroleum Limited (PSX: HASCOL) has informed the exchange on Monday that the Securities & Exchange Commission of Pakistan (SECP) has appointed Parker Russel AJS, Chartered Accountants as investigators for carrying out serious fraud investigation / forensic audit of the company.

As per the news reports, the Federal Investigation Agency (FIA) has arrested Mumtaz Hasan, founder of the Hascol Petroleum Limited (HPL), in Rs54 billion scam.
A total of 30 suspects including present and former top officials of the National Bank of Pakistan (NBP), HPL and other organizations have been involved in a scam and efforts are being made to arrest them, the FIA's document said. 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 127,466.54
262.35M
1.46%
1839.23
ALLSHR 79,371.48
774.15M
1.00%
786.77
KSE30 38,797.75
89.29M
1.69%
643.96
KMI30 186,153.24
106.02M
0.69%
1266.74
KMIALLSHR 54,033.78
424.81M
0.50%
269.98
BKTi 32,829.89
40.62M
2.85%
908.21
OGTi 27,824.09
6.24M
0.18%
50.11
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,385.00 108,105.00
107,040.00
-850.00
-0.79%
BRENT CRUDE 66.86 66.97
66.34
0.12
0.18%
RICHARDS BAY COAL MONTHLY 97.00 0.00
0.00
0.20
0.21%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.20 65.32
64.67
0.09
0.14%
SUGAR #11 WORLD 16.10 16.21
16.08
-0.10
-0.62%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg