Plot thickens as foreign firm retracts corruption allegations
July 14, 2021
ISLAMABAD: A Spanish firm first accused a Pakistani company of fake invoicing on its behalf to claim an extraordinary payment from Karachi’s Green Line Project (which intriguingly approved invoices unaccounted for). It wrote to the Pakistani mission in Madrid, the National Accountability Bureau, the FIA and issued a press release repeating the same charges and demanding action against the accused.
But a few months later, the firm has taken a U-turn as if nothing happened. It retracted the allegations that deepen the mystery whether the hush-up is an outcome of coercion or collusion. This is despite the fact that the accused company admitted fake invoicing, the FIA was investigating the allegations and the firm had expressed resolve to do everything to protect its reputation as allegations of kickbacks could hurt its business at the global level.