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Saturday, September 17, 2011

Former chairman CBR acquitted in COTECNA reference

RAWALPINDI: Rawalpindi Accountability Court (AC) has acquitted former Chairman CBR, A R Siddiqui in COTECNA reference.
Judge AC No 3 Jahandad Khan Banth announced the verdict.
Court said in its decision that prosecution had failed to prove charges.
COTECNA reference was filed in AC during 2001. NAB had levelled allegations for awarding contract to a foreign company COTECNA during Benazir regime. NAB had taken the plea financial benefit was given to Benazir Bhutto and Asif Ali Zardari while awarding the contract and commission was also received in this scam.
NAB however could not provide evidence in the court in this respect and allegations could not prove against Asif Ali Zardari, Nusrat Bhutto and others. Therefore, case has been filed. Online