The former head of Pakistan’s oil and gas watchdog has been arrested by Abu Dhabi authorities on embezzlement charges amounting to US$850 million according to authorities.
Pakistan’s embassy in the UAE, confirmed that Tauqir Sadiq who was head of Pakistan’s Oil and Gas Regulatory Authority between 2009 and 2011, is in police custody.
“The accused Mr Tauqir Sadiq is still in the custody of the UAE authorities and matters pertaining to his repatriation to Pakistan are still under process by the UAE authorities in consultation with NAB (National Accountability Bureau) and the Embassy of Pakistan, Abu Dhabi,” The National, quoted an embassy spokesperson.
Sadiq, who fled to the UAE last year, is accused of taking bribes from power companies in 2010 although he has denied the charges.
Pakistan’s NAB which is leading the investigation against Sadiq has also widened the net to level criminal charges against current Pakistan Prime Minister, Raja Pervez Ashraf as he was the water and power minister during the same period.
Other high ranking officials have been implicated in the Sadiq investigation.Pakistan’s supreme court which is due to begin hearings on Sadiq's case on Thursday, last week issued cases against Ashraf, Interior Minister Rehman Malik and one other senior member of the Pakistan’s current government over Sadiq's appointment in 2009 and his flight to Abu Dhabi in 2012.