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JIT seeks record of 34 companies from NAB

byCT Report
28/09/2018
in Business
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ISLAMABAD: The joint investigation team (JIT) probing a fake accounts scam has sought record of 34 companies owned by the country’s bigwigs from the National Accountability Bureau (NAB) if their matters have been into probe at any stage since 2008.

The fake accounts JIT is also in process of fetching data of 210 companies whose net assets are said to be worth over Rs500 billion, officials said.

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According to a report submitted to the Supreme Court, “The JIT sought details of cases of M/s Zardari Group Pvt Ltd, M/s Land Marks, Bahria Town Karachi Project and Zain Malik, M/s Karim Khani and Bros, M/s Ashraf D Baloch Company, M/s Sher Mugheri & Company, M/s Alfa Zulu Company, M/s Waseem Builders, M/s Ruby Builders and Developers Ltd, M/s Ruby Rubicon Ltd, M/s Princeton Builders Ltd, M/s Qasis Drilling Corporation, M/s Pak Oasis Pvt Ltd, M/s Sky Pak Holding Ltd, M/s Rising Star Holding, M/s Sujawal Agro Farms Ltd, M/s Tando Allah Yar Sugar Mills Pvt Ltd, M/s Omni Pvt Ltd, M/s Agro Farms Thatta, Haji Mureed Akbar, M/s A-One International, M/s Lucky International, M/s Logistic Trading, M/s Iqbal Metals, M/s Royal International, M/s Umair Associates, M/s Nasser Abdullah Lootha, M/s Ansari Sugar Mills, M/s Omni Polymer Packages Pvt Ltd, M/s Pak Ehtanol Pvt Ltd and M/s Chamber Sugar Mills from the National Accountability Bureau (NAB), if it is probing any case related to these companies.”

“Apart from the Omni Group owned by AG Majeed and his family, major depositors and debtors include Zain Malik, Zardari Group, Arif Habib, Parthenon Pvt Ltd, Ghulam Qadir and contractors/builders including Bahria Town, Mustafa Memon, government contractors including Ashraf D Baloch Pvt Ltd and Sher Mugheri. During investigation additional hundreds of persons and companies have come to the fore as depositors and beneficiaries of these accounts. The role of government contractors, D Baloch and Sher Mugheri in particular need probe in relation to award and execution of government contracts. The chief secretary Sindh has been requested to provide details of all contracts awarded by the works department,” read the report.

In the report, the JIT had also sought help of the Securities and Exchange Commission of Pakistan, State Bank of Pakistan, National Database and Registration Authority, Federal Bureau of Revenue, National Accountability Bureau and other departments to obtain details of 334 individuals and 210 companies and its directors, employees and clients to further probe the case.

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