KARACHI: An accused arrested by the Federal Investigation Agency (FIA) during its probe into last year’s sugar scandal was found to be an employee of the Sindh government. Das was one of the seven accused who were arrested on March 28, for their involvement in artificial shortage and price hike of sugar. It is pertinent to mention here that all seven accused, arrested by the agency, were brokers and were involved in the creation of artificial shortage and price hike of sugar with the connivance of mills’ owners. They were operating through electronic means to dishonestly and fraudulently maneuver, manipulate and artificially hike sugar prices, amidst hoaxes of impending sugar stock shortages (while sugar stocks were lying unsold or sold/ un-lifted in mills and warehouses and the demand-supply gap was artificial). Furthermore, the arrested were also indulged in opening/ operating fake/unrevealed third-party accounts to conceal/disguise the illegitimate crime proceedings.

Source: Pakistan Today April 07, 2021 12:11 UTC