ISLAMABAD - The National Accountability Bureau (NAB) would hold an Executive Board meeting (EBM) for the final approval of the multi-billion OGRA scam, sources told The Nation on Thursday.

Similarly, the apex court adjourned the hearing of OGRA implementation case up to January 21 and the Accountability Court (AC)-1 Islamabad directed the NAB authorities to submit the final challan of the scam today, the sources added.

According to details, despite clear directions of the accountability court for submitting the final challan of the scam amounting to Rs 120 billion, the NAB failed to meet the deadlines given by the AC-1 Islamabad and its prosecutors requested the court for more time to finalize the reference.

Earlier, the NAB had obtained two weeks for the submission of final reference regarding the scam as the accountability court had directed the prosecution wing to submit the final challan before December 2.

According to the sources, after the final approval of the reference from the EBM and the Chairman NAB, the final challan would be submitted to the court.

Earlier, the court directed the NAB to accomplish the final report by November 4 and submit it to the court for further trial of the OGRA scam. The investigation team completed and submitted the final interrogation and investigation report to the NAB authorities in time before the court deadline for final approval, the sources added.

The amount of the OGRA scam has increased up to Rs120 billion as the federal watchdog has already filed an interim reference of Rs 44 in the AC-1. Finally, the NAB found about a dozen accused allegedly involved in the OGRA scam included former advisor to President Dr. Asim Hussain, energy tycoon Iqbal Z Ahmed, Mirza Mehmood Advocate, former chairman OGRA Tauqir Sadiq, Jawad Jamil, Mansoor Ali Muzzaffar, Mir Kamal Marri, Dewan Zia-Ur-Rehman of Dewan Petroleum Limited (DPL), Rashid Lone, former Managing Director SNGPL, Zohair Siddiqui incumbent MD SSGCL, Azeem Iqbal Siddiqui, former MD SSGCL, Dr. Ejaz Ahmed (ASGM), Yousaf Jamil Ansari, Arslan Iqbal GM (Finance), Ijaz-U-Din Farooqui, SGM Transmission, the sources added.

Among co-accused Dr. Shehla Naqvi, SGM (Management Services), Azam Akhter, (AGM) LNG, Azeem Akhter, (ADGM) Admin, Muhammad Tariq, (DGM) Project and Construction, Madni Siddiqui, AGM (Karachi Central), and Saeed Larak, AGM (Karachi East) of SSGCL, were also included in the scam, the sources added.