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Scandal of 56 companies: NAB summons six chief executives today

byCT Report
14/06/2018
in Business
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LAHORE: The National Accountability Bureau, probing mega scandal of 56 companies of Punjab, has summoned chief executives of six companies today (Thursday).

The Bureau has summoned CEOs to probe their hefty salaries and other perks and privileges which they received allegedly in violation of law. It has summoned the bureaucrats including Capt (retd) Usman, Dr Nasir Javed, Muhammad Ali Aamir, Jawwad Qureshi, Zaheer Abbas Malik and Ahad Cheema.

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Muhammad Ali Aamir served as chief executive Punjab Health Facilities Management Company (PHFMC), Capt (retd) Usman chief executive Lahore Waste Management Company, Zaheer Abbas Malik chief executive Punjab Health Initiative Management Company, Ahad Cheema chief executive Quaid-e- Azam Solar Park and Dr Nasir Javed said to be a board member of Lahore Waste Management Company.

It is pertinent to mention that the NAB is probing the alleged embezzlement of billions of rupees in 56 companies of the Punjab including Punjab Health Facilities Management Company. The former Punjab government had constituted 56 companies under the guise of good governance and had registered them under Article 42 of Companies Ordinance 1984.

The apex court had taken a suo motu notice after the auditor general of Pakistan (AGP) had expressed his concern about the financial matters of nearly 51 public sector companies constituted by the PML-N’s government of Shahbaz Sharif, suggesting stoppage of the practice of (quickly) giving them funds through SDAs (Special Drawing Allowance).

The NAB chairman had initiated inquiry in November 2017 after receiving multiple public complaints of alleged corruption, irregularities, waste of public resources, absence of transparency in tendering various projects and regular audits, favouritism in appointments and inordinate delay in completion of different projects in 56 companies of the Punjab.

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