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USC audit detects corruption, irregularities worth billions of rupees

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LAHORE: Corruption and irregularities value billions of rupees have been detected within the audit of the Utility Shops Company (USC) Pakistan.

Auditor Basic of Pakistan sources stated that forensic audit of the USC accounts had been accomplished and irregularities and corruption of billions of rupees had been detected. The audit discovered corruption in buy of daily-use gadgets. A lot of substandard gadgets have been bought at exorbitant charges, the AG sources stated. The report can be submitted to the president of Pakistan, added the sources.

In line with the native media, the USC audit report discovered irregularities value Rs14 billion in buy of flour, sugar and different gadgets. The audit report launched by the Auditor Basic’s staff of the Utility Shops Company for the 12 months 2019-20 recognized irregularities of greater than Rs14 billion.

A lack of Rs2.6 billion was revealed within the sale and buy of sugar and flour. The USC incurred a lack of Rs150 million on shopping for costly sugar from defaulting sugar mills whereas tens of millions of rupees have been wasted in shopping for substandard flour from mills. In line with sources, the USC administration dedicated fraud within the buy of wheat and flour with the connivance of flour mills, whereas the audit report additionally identified corruption of Rs320 million within the buy of varied different gadgets. Sources stated the audit confirmed that the USC had reached the verge of destruction as a consequence of large-scale corruption.

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