LAHORE - Anti-Corruption Establishment (ACE) Sargodha Region has started inquiry against mills owners and officials of revenue department allegedly involved in causing loss of Rs600 million to national exchequer, said sources in the ACE on Wednesday.

Punjab Anti-Corruption Director General Brig (r) Muzaffar Ranjha directed ACE authorities concerned to take relevant record into custody to proceed further.

Management of Facto Sugar Mills Darya Khan, Bhakar, purchased land measuring 1038 kanals from Adam G Sugar Mills in the same district and showed a very nominal price of Rs180 million whereas it was purchased against payment of more than Rs seven billion. In this way by under valuing the land, a loss of Rs 500 to 600 million was caused to national exchequer.

It is established fact that in registered deed land was shown flat plot whereas machinery of the mills, buildings, rest house and residential colonies of the mills were concealed in the deed. Apart from seller and purchasers, former Sub Registrar and other officers of the Revenue department were found involved in the embezzlement of the tax.

An ACE officer seeking anonymity said that after finalisation of the inquiry said sale deed could be cancelled and action would be taken against responsible as per law.