Now, a multi-billion dollar LNG contract scam in Pak surfaces
Malaysia Sun
Thursday 22nd April, 2010
In yet another massive scam that could run into billion of dollars, the Pakistan Supreme Court has been told that a French company was awarded two contracts for the supply of liquefied natural gas (LNG) without even participating in the bidding procedure.
During a hearing, Petroleum Ministry’s special secretary G A Sabari told the apex court that the French company, GDF Suez, had neither applied for the short term (five years) 3.5 million tons gas supply nor for the long term (20 years), as required under the bidding laws.