ISLAMABAD: Terming Hascol Petroleum Limited fiasco as "fraud", the Senate Standing Committee on Finance on Tuesday directed authorities to conduct forensic audits and initiate criminal proceedings against those responsible for the losses of Rs116 billion.The committee met under the chair of Senator Muhammad Talha Mahmood here at the Parliament House.According to the minutes of the meeting, the committee received a comprehensive briefing from the State Bank of Pakistan and the Security and...