Two PIA officials held for fraud

Karachi
The Federal Investigation Agency Sindh corporate crime circle has arrested three men, two of them officials of the Pakistan International Airlines Corporation, for fraud.
FIA corporate crime circle deputy director Kamran Ataullah told The News on Monday that his department had received a complaint from Iftekhar Ahmed, the joint secretary of the government’s aviation division, about irregularities at the PIAC warehouse.
During inquiry, it was found that the Advanced Composite Structure on 43 Muir Road in Winnipeg, Manitoba, Canada was an approved vendor of the PIAC with Cage Code 3AH45, whereas accused Mushtaq Ahmed had created a fake company with a similar name - Advance in place of Advanced - but with a different address i.e. Advance Composite Structure, 10-6680, Campobello Road, Mississauga, on L5N, 2LB by misusing the Cage Code. The staff of procurement and logistics department of the PIAC head office in Karachi had issued 18 fake purchase orders amounting to $171,646 in favour of the fake company owned by Mushtaq Ahmed. It was established that Ishaq Ahmed of the Century Recycling Company had submitted fake airway bills, invoices and purchase orders at the PIAC Dubai office and received a payment of $72,025 against seven purchase orders which were issued to the fake company through emails issued by Tehseen Shaikh of the procurement and logistics department of the PIAC. The Century Recycling Company had also received a payment of $134,211 from the PIAC Dubai office for eight purchase orders including three fake ones amounting to $106,900.
The remaining purchase orders were issued to the fake company Advance Composite Structure Canada except purchase order number B18G109098, but all were cashed by the CRC in Dubai. e added that Tehseen Shaikh, Mohammad Ali and Mohammad Ishaq had been arrested.