The Federal Investigation Agency (FIA) has reopened a major case involving alleged corruption, theft, and mismanagement at Pakistan Steel Mills, where reported losses are estimated at Rs284 billion.

The investigation is being conducted by the FIA’s Corporate Crime Circle under the Anti-Money Laundering Act.

As part of the renewed probe, the FIA has summoned officials who were previously involved in conducting inquiries into multiple incidents at the state-owned steel mill.

According to official correspondence, the focal person of Pakistan Steel Mills has been instructed to ensure the appearance of the concerned officers before investigators.

Sources said 12 officials have been called in connection with six major cases linked to earlier investigations at the facility.

The agency is now reviewing past inquiry findings as part of efforts to determine responsibility for the massive financial losses and to examine possible violations related to money laundering.

The development indicates intensified scrutiny of long-standing allegations of financial irregularities and administrative failures at Pakistan Steel Mills, which has remained under repeated investigation over the years.