AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

The Executive Board (EB) meeting of National Accountability Bureau (NAB) was held under the chairmanship of Qamar Zaman Chaudhry, Chairman NAB at NAB Headquarters. The following decisions were taken during the Executive Board (EB) meeting.
The Executive Board (EB) decided to file two corruption references. First reference was approved against Syed Asif Akhtar Hashmi, Ex-Chairman Evacuee Trust Property Board (ETPB) and others. In this case, the accused persons were alleged for 777 illegal appointments in Evacuee Trust Property Board (ETPB) thus caused loss of Rs 774,730,403/- to the national exchequer, said a press release.
The Second reference was approved against Azmat Hayat Khan, Ex-Vice Chancellor (VC) University of Peshawar and others. In this case, the accused persons were alleged for misuse of authority and purchase of land for University of Peshawar at Aza Khel, Peshawar at exorbitant rates thus caused a huge loss of millions of rupees to the national exchequer.
The Executive Board decided to authorize four Investigations. The First investigation was authorized against CEO IESCO & others. In this case, the accused persons were alleged for illegal investment made by IESCO with Trust Investment Bank Limited (TIBL) thus caused a loss of Rs 127 million to the national exchequer.
Second Investigation was authorized against officers/officials of Land Utilization Department and others. In this case, the accused persons were alleged for corruption, corrupt practices and misuse of authority, illegal regularization /restoration of land allotment of M/s Zeeshan Builders thus caused a loss of Rs 300 million to the national exchequer.
Third Investigation was authorized against officers/officials of State Bank of Pakistan and Bank Islami and others. In this case, the accused persons were alleged for misuse of authority in terms of non-transparent amalgamation of KASB Bank into Bank Islami, and grant of Rs 20 billion concessional loan for this purpose thus caused a loss of billions of rupees to the national exchequer.
Fourth Investigation was authorized against Dr Ihasan Ali, Vice Chancellor Abdul Wali Khan University Mardan KP. In this case, the accused persons were alleged for misuse of authority, embezzlement /misappropriation of university funds allocated for procurement of various items/goods thus caused a loss of Rs 410 million to the national exchequer.
The Executive Board (EB) decided to authorize three inquiries. First inquiry was authorized against Nawab Muhammad Taimur Talpur, MPA, Sindh. In this case, the accused persons were alleged for accumulations of assets beyond known sources of income.
Second inquiry was authorized against dealers of Indus Motor Company Limited at Hyderabad/Karachi. In this case, the accused persons were alleged for cheating public at large by misappropriating million of rupees from general public in lieu of booking of Toyota vehicles thus caused a loss of Rs 250 million to the general public.
Third inquiry was authorized against officers/officials of Punjab Sports Board into misappropriation of youth Festival funds thus caused a huge loss of millions of rupees to the general public. The Executive Board decided to re-authorize three inquiries. The first inquiry was re-authorized against Management of KPT Officers Cooperative Housing Society and others. In this case the accused persons were alleged for illegal reclamation of additional land from seabed and its allotment, misappropriation of funds, award of second contract of dredging and illegal occupation of land reclaimed from sea thus caused a loss of Rs 12,269, 792, 500/- to the national exchequer.
Second inquiry was re-authorized against Officers/Officials of DAD, Sukkur Division. In this case the accused persons were alleged for massive corruption and misappropriation of funds thus caused a loss of Rs 2.91 billion to the national exchequer.
Third inquiry was re-authorized against owners/managers of Creek Marina Project, Karachi. In this case, the accused persons were alleged for corruption and corrupt practices on account of cheating public at large thus caused a loss of Rs 3.2 billion to the national exchequer.
The Executive Board decided to close six inquiries for lack of incriminating material/evidence those included inquiry against Raja Pervez Ashraf, EX-Prime Minister, Management of Federal Govt. Employees Housing Foundation and others, Officer/Officials of Provincial Highway Department Jhelum & others, Muhammad Ali Malkani, MPA & Minister for Industries and others, Shafqat Shah Shirazi, Ex-MNA and Ejaz Shah Shirazi, Ex-MPA District Thatta Sindh & others, Bashir Dawood s/o Suleman Dawood and Mariyum Dawood & others.
At the end, Qamar Zaman Chaudhry, Chairman NAB said that eradication of corruption is the top priority of NAB. NAB is committed for eradication of corruption by adopting Zero Tolerance Policy. He directed all officers/officials of NAB to put in their best efforts in conduct of complaint verification; inquiries and investigations against corrupt in accordance with law, transparently and on merit.-PR

Comments

Comments are closed.