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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Liquefied Natural Gas Limited    LNG   AU000000LNG0

LIQUEFIED NATURAL GAS LIMITED

(LNG)
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End-of-day quote. End-of-day quote Australian Stock Exchange - 04/29
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LNG case: NAB summons Shahid Khaqan Abbasi on May today to record statement

05/14/2020 | 06:38am EST

The National Accountability Bureau (NAB) has summoned former prime minister and Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Shahid Khaqan Abbasi in Liquefied Natural Gas (LNG) contract case on today (Thursday) to record his statement.

Shahid Khaqan's son Abdullah Shahid has also been directed to appear today (Thursday). According to details, Shahid Khaqan Abbasi has been summoned for his statement in the LNG supplementary reference.

Shahid Khaqan Abbasi will be handed with a questionnaire prepared by the NAB on supplementary reference.

NAB has summoned the former premier on the basis of 'secret transactions' conducted via his accounts. The father-son duo will be asked to explain under what head billions of rupees were transacted into their accounts at a time when the then government was in the process of finalising the LNG agreements.

On July 18, Abbasi was arrested by National Accountability Bureau (NAB) while en-route to Thokar Niaz Baig in Lahore in a multi-billion-rupee case related to the award of a liquefied natural gas (LNG) import contract.

On December 12, NAB Rawalpindi again filed a reference in the Liquefied Natural Gas (LNG) case against former prime minister Shahid Khaqan Abbasi and former finance minister Miftah Ismail. The reference was filed on December 3, however, the accountability court has returned the reference after raising some objections.

Additionally, the reference stated that the national exchequer will suffer a loss of Rs47bn by 2029 because of the contract. The Islamabad High Court (IHC) had granted bail to Abbasi in the LNG reference on February 25.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2019 - - -
Net income 2019 -33,5 M -26,0 M -26,0 M
Net cash 2019 19,8 M 15,3 M 15,3 M
P/E ratio 2019 -3,98x
Yield 2019 -
Capitalization 24,8 M 19,2 M 19,2 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 83,6%
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Managers and Directors
NameTitle
Gregory M. Vesey Chief Executive Officer & Managing Director
John G. Baguley Chief Operating Officer
Michael Reed Mott Chief Financial Officer
D. Michael Steuert Independent Non-Executive Director
Rose Haddon Secretary & Director
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