AGL 38.50 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 218.50 Increased By ▲ 10.73 (5.16%)
BOP 10.43 Increased By ▲ 0.37 (3.68%)
CNERGY 7.05 Decreased By ▼ -0.03 (-0.42%)
DCL 10.06 Increased By ▲ 0.07 (0.7%)
DFML 41.00 Decreased By ▼ -0.14 (-0.34%)
DGKC 104.70 Increased By ▲ 1.24 (1.2%)
FCCL 36.75 Increased By ▲ 0.40 (1.1%)
FFBL 93.00 Increased By ▲ 1.41 (1.54%)
FFL 14.65 Increased By ▲ 0.05 (0.34%)
HUBC 140.99 Increased By ▲ 1.56 (1.12%)
HUMNL 14.29 Increased By ▲ 0.19 (1.35%)
KEL 6.03 Increased By ▲ 0.06 (1.01%)
KOSM 7.72 Decreased By ▼ -0.14 (-1.78%)
MLCF 47.80 Increased By ▲ 0.52 (1.1%)
NBP 70.88 Decreased By ▼ -2.88 (-3.9%)
OGDC 229.15 Increased By ▲ 6.49 (2.91%)
PAEL 39.38 Increased By ▲ 1.27 (3.33%)
PIBTL 9.33 Increased By ▲ 0.06 (0.65%)
PPL 210.00 Increased By ▲ 4.15 (2.02%)
PRL 40.77 Increased By ▲ 0.92 (2.31%)
PTC 27.00 Increased By ▲ 0.38 (1.43%)
SEARL 110.94 Increased By ▲ 0.70 (0.63%)
TELE 9.19 Decreased By ▼ -0.04 (-0.43%)
TOMCL 38.70 Increased By ▲ 0.49 (1.28%)
TPLP 14.09 Increased By ▲ 0.32 (2.32%)
TREET 26.57 Increased By ▲ 0.12 (0.45%)
TRG 60.59 Increased By ▲ 0.05 (0.08%)
UNITY 34.30 Increased By ▲ 0.16 (0.47%)
WTL 1.86 Decreased By ▼ -0.02 (-1.06%)
BR100 12,431 Increased By 132.3 (1.08%)
BR30 39,391 Increased By 513.3 (1.32%)
KSE100 115,337 Increased By 476.1 (0.41%)
KSE30 36,367 Increased By 171.1 (0.47%)

PESHAWAR: An Accountability Court (AC) of Peshawar has issued orders to freeze 75 bank accounts of contractors involved in the scandal of Bus Rapid Transit project and to seal two residential plots.

The Accountability Court in Peshawar approved NAB’s request to freeze the accounts of contractors of the BRT project and confirmed the orders of Director General NAB Khyber Pakhtunkhwa.

During the hearing, the counsel told the court that the National Accountability Bureau is investigating the BRT scandal to collect more details, and requested the court to maintain the order of Director General, NAB.

On this occasion, the counsel of contractors of BRT told the court that NAB does not have the authority to freeze the Accounts and assets of the contractors. It is illegal to freeze the assets.

In response the NAB’s counsel told the court that the D.G NAB has the authority and requested the court to confirm the orders of the Director General NAB. Lawyer stated that the contractors have gone in international arbitration. Including that part, it is illegal to freeze these accounts because the director general has no jurisdiction and the action has not been taken against the third foreign contractor of this project. NAB’s lawyer said that this freezing of the banks is according to the law and NAB can seize the accounts.

However, the court affirmed the order of seizing plots and accounts by NAB and directed the contractors’ lawyers that if they want to file a petition against it then they can submit the objectionable plea regarding that.

During the hearing, the court accepted NAB’s request regarding the freezing of contractor’s Accounts which had been frozen by NAB. The court upheld the orders of the DG NAB and issued orders to freeze the accounts of the contractors and seal the two residential plazas too.

Copyright Business Recorder, 2024

Comments

Comments are closed.