LAHORE: National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry presided over a meeting to review cases pending against companies and individuals.
The Executive Board Meeting (EBM) decided to authorize seven inquiries: First inquiry was authorized against Sponsors, Directors and Management of M/s Capital Vision Securities (Private) Limited, Brokers of Pakistan Stock Exchange Limited and others. In this case, the suspects had allegedly cheated the public at large. Complaint was received from Securities and Exchange Commission of Pakistan (SECP).
Second inquiry was authorized against Muhammad Tariq Ali, owner of M/s Data lubricants and others. In this case, the accused persons were alleged for willful loan default of Rs52.942 million referred by State Bank of Pakistan under 31-D.
Third inquiry was authorized against officers/officials of Pakistan State Oil (PSO) and others. In this case, the accused persons were alleged for misuse of authority in the procurement of petroleum products. Due to this caused a loss of millions of rupees to the national exchequer.
Fourth inquiry was authorized against Gian Chand Israni, Ex-Provincial Minister for Excise and Taxation, Sindh and others. In this case, the accused persons were alleged for accumulation of assets beyond known sources of income.
Fifth inquiry was authorized against officials of Sindh Agriculture Department and others. In this case, the accused persons were alleged for embezzlement of funds of subsidized Tractor Scheme. Te caused loss of millions of rupees to the national exchequer.
Sixth inquiry was authorized against Ghulam Qadir Palijo, Ex-MPA District Thatta, Sindh. In this case, the accused person is alleged for accumulation of assets beyond known sources of income.
Seventh inquiry was authorized against Sponsors, Directors and Management of M/s Stock Street (Pvt) Ltd, Brokers of Pakistan Stock Exchange Ltd and others. In this case, the accused persons were alleged for cheating public at large. Complaint was received from SECP.
The Executive Board Meeting (EBM) also decided to authorize two (2) investigations: First investigation was authorized against officers/officials of National Housing Authority, Federal Government Employees Housing Foundation (FGEHF) and M/s Universal Enterprises. In this case, the accused persons were alleged for embezzlement of government funds. Due to that caused a loss of Rs18.9 million to the national exchequer.
Second investigation was authorized against officers/officials of Pakistan Tobbaco Board (PTB) and others. In this case, the accused persons were alleged for misuse of authority, corruption and corrupt practices through illegal appointments in Pakistan Tobacco Board.
The EBM also re-authorized investigation against Sher Azam Khan, Ex-Minister for Labour, KP and Muhammad Tariq Awan, Secretary Workers Welfare Board and others. In this case, the accused persons were alleged for corruption and corrupt practices in acquisition of land measuring 260 kanals at Mouza Shahi Bala, Peshawar and allegedly receipt of commission/kickbacks. Due to accused persons company faced loss of Rs151.58 million to the national exchequer.
The EBM decided to re-authorize three (3) inquiries:
First inquiry was re-authorized against Sardar Hayat Khan Mandokhel of M/s Exceed (Pvt) Ltd and others. In this case, the accused persons were alleged for non-payment of land rent of 79 acres, situated in Saidpur Village, Islamabad. The caused a loss of Rs455.7444 million to the national exchequer.
Second inquiry was re-authorized against officers/officials of Abdul Wali Khan University, Mardan and others. In this case, the accused persons were alleged for misuse of authority and embezzlement of Abdul Wali Khan University funds in procurement of various items. Thus caused a huge loss to the national exchequer.
