The Chinese government on Friday said the firm Jiangsu Yabaite Technology Co Ltd that was accused to be involved in a Multan metro bus corruption scandal does not work in Pakistan. Deputy Head of Mission at Chinese Embassy in Islamabad Lijian Zhao took to social networking site Twitter and posted that Yabaite made some fake letters to cheat government and was punished.
In another post, Zhao said China-Pakistan Economic Corridor (CPEC) is transparent and clean and also urged to report to embassy if there is anything wrong. Earlier, Senate Standing Committee on Finance and Revenue had summoned Securities & Exchange Commission of Pakistan (SECP) officials on September 7.
Chairman of the committee, Senator Saleem Mandviwalla said SECP has been directed to make a briefing on Multan Metro bus project and the inquiry being conducted by China's Regulator, adding China's Regulator had investigated corruption case in Multan Metro Bus Project, and sent a letter to SECP, on which Parliament should be briefed.
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