Minister Murad Saeed’s allegation of Rs70 billion corruption in a China-Pak
Economic Corridor (CPEC) project has shocked the Chinese state-owned company
that undertook the project.
A press release by the China State Construction Engineering Corporation Ltd (CSCEC) said, they are extremely shocked by the recent groundless allegations made publicly through the media.
allegation is against the Sukkur-Multan motorway project.
The communication minister said that the Pakistan Muslim League-Nawaz (PML-N) government had signed a Memorandum of Understanding worth Rs259b for the construction of the motorway.
He said, later the cost was jacked up to Rs292b due to financial mismanagement.
He also accused Nawaz Sharif and Shahbaz Sharif, former minister for planning and development Ahsan Iqbal, and CSCEC director in Pakistan Javed Sadiq, of being involved in the scam.
He said Ahsan Iqbal
misappropriated Rs 70bn.
Replying to the allegation, the CSCEC, said they respect Pakistan and its people and carried out the business activities in compliance with Pakistani rules and regulations.
The CSCEC press release said, the corporation signed a Memorandum of Understanding with the government of Pakistan in July 2013. The MoU was signed for connecting a motorway between Karachi and Lahore.
It was a
non-binding document and valid for a period of one year that expired on July 4,
The press release said, the project is currently progressing smoothly and the 400km motorway is expected to be completed within three years.
Former minister for planning Ahsan Iqbal termed Saeed’s comments about the issue a dangerous effort to make the CPEC project controversial.