Hedging deal consigned to the dustbin?
There are unconfirmed reports stating that the AG’s Department has cleared 28 files pertaining to corruption and fraud for taking legal action. According to the information the hedging issue is not among them.
It is history now as to how in 2009 the country was shocked with the breaking news of a dubious and illegal deal which had taken place at the CPC, causing huge losses to the country. The issue came to be known as the fraudulent Oil Hedging Deal with the total loss estim