Adviser to PM on Commerce, Textile, Industry and Investment Abdul Razak Dawood while speaking to local news channel on Sunday (Feb 3) night has finally broke silence on controversial construction contract of Mohmand Dam and made it clear that he is neither a chairman nor a director of Descon adding that he have left the company and now only a shareholder, so the contract for the construction of Mohmand Dam is not conflict of interest.
“As a shareholder, it is possible that in this project I either make profit or suffer losses,” he added. Responding to a question, regarding bidding process of Dawood said, “The bidding process for Mohmand Dam started before I was appointed as an adviser and I had told Prime Minister Imran Khan that this might be an issue but in my opinion there is no conflict of interest in this matter.” “The company has not yet been given the contract, it has just emerged as winner in the bid.”
The controversy of Mohmand dam’s construction contract erupted when the contract was assigned to the joint venture of Descon and China Gezhouba. As per details the Descon owned by Adviser to PM on Commerce, Textile, Industry and Investment Abdul Razak Dawood and Chinese company, China Gezhouba, has won the bid for the construction of the Rs309 billion Mohmand Dam. President of Pakistan Muslim League-Nawaz (PML0N) Shehbaz Sharif on Jan 14 during his National Assembly speech has demanded re-bidding of Rs309 billion Mohmand Dam in light of its controversial allotment to the joint venture of Descon.
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18 February, 2019