AIRLINK 194.83 Decreased By ▼ -3.14 (-1.59%)
BOP 9.81 Decreased By ▼ -0.23 (-2.29%)
CNERGY 7.36 Increased By ▲ 0.07 (0.96%)
FCCL 38.58 Increased By ▲ 2.58 (7.17%)
FFL 16.45 Decreased By ▼ -0.46 (-2.72%)
FLYNG 27.54 Increased By ▲ 2.50 (9.98%)
HUBC 131.75 Decreased By ▼ -2.28 (-1.7%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.66 Decreased By ▼ -0.12 (-2.51%)
KOSM 6.66 Decreased By ▼ -0.28 (-4.03%)
MLCF 45.39 Increased By ▲ 0.41 (0.91%)
OGDC 213.99 Decreased By ▼ -4.24 (-1.94%)
PACE 6.86 Decreased By ▼ -0.08 (-1.15%)
PAEL 40.06 Decreased By ▼ -1.36 (-3.28%)
PIAHCLA 16.79 Decreased By ▼ -0.07 (-0.42%)
PIBTL 8.32 Decreased By ▼ -0.14 (-1.65%)
POWER 9.43 Increased By ▲ 0.04 (0.43%)
PPL 182.19 Decreased By ▼ -3.74 (-2.01%)
PRL 41.83 Increased By ▲ 0.56 (1.36%)
PTC 24.56 Decreased By ▼ -0.21 (-0.85%)
SEARL 102.53 Decreased By ▼ -2.12 (-2.03%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.44 Decreased By ▼ -1.47 (-3.59%)
SYM 17.33 Decreased By ▼ -0.72 (-3.99%)
TELE 8.76 Decreased By ▼ -0.15 (-1.68%)
TPLP 12.75 Decreased By ▼ -0.09 (-0.7%)
TRG 65.40 Decreased By ▼ -1.20 (-1.8%)
WAVESAPP 11.11 Decreased By ▼ -0.19 (-1.68%)
WTL 1.70 Decreased By ▼ -0.08 (-4.49%)
YOUW 3.94 Decreased By ▼ -0.06 (-1.5%)
BR100 11,988 Decreased By -121.3 (-1%)
BR30 36,198 Decreased By -400.2 (-1.09%)
KSE100 113,443 Decreased By -1598.8 (-1.39%)
KSE30 35,635 Decreased By -564.3 (-1.56%)

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.