ISLAMABAD: Former chief of the Oil and Gas Regulatory Authority (Ogra) was arrested on Wednesday from Abu Dhabi by Pakistan’s Federal Investigative Authority (FIA) with the help of the Interpol, DawnNews reported.
On Dec 19, the Supreme Court had issued orders to detain the Sadiq, who had reportedly escaped the country to avoid arrest, within one week. Following the orders, the SC was informed that Sadiq’s passports had been cancelled and instructions had been sent to the Interpol in relation with the arrest orders against him.
Sadiq is accused of misusing authority, embezzling funds and causing Rs82 billion losses to the national exchequer by converting operating income (regular income) into non-operating income in violation of an agreement signed with the Asian Development Bank and the World Bank, relocating several CNG stations, making illegal appointments, etc.
Sadiq is also said to be a close relative of Pakistan People’s Party’s Secretary General Jehangir Badar.