AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)

LAHORE: Another accountability court adjourned a reference of illegal assets against former principal secretary to Prime Minister Fawad Hassan Fawad and directed the NAB to present its witnesses on February 11.

Fawad served on different posts in federal and Punjab as well during previous government of PML-N till the NAB arrested him on July 5, 2018 initially in Ashiana-i-Iqbal Housing scam.

The other suspects include Fawad’s wife Rubab Hassan and his sons Waqar and Anjum. The NAB had initiated inquiry against Fawad following an order by Islamabad High Court passed on a complaint filed by a lawyer Khurram Qureshi in 2017.

The complainant had provided the bureau with evidence of five illegal properties owned by Fawad. He said father of Fawad had retired from army as non-commissioned officer and later served in forest department. Fawad’s father had owned only one house measuring five-marla in Rawalpindi.

The NAB claimed that wife of Fawad was a shareholder in the FYC company. The value of the shares was Rs 350 million and Fawad also purchased a company previously owned by Jahangir Siddiqui, former ambassador to US. The NAB also claimed that the suspect maintained seven personal bank accounts, 14 by his family members and a total of 48 “benami” accounts had been traced during the investigation. “Fawad being principal secretary to prime minister and secretary implementation to chief minister misused his authority and committed massive corruption,” the NAB concluded.

Copyright Business Recorder, 2021

Comments

Comments are closed.