ISLAMABAD: The Senate Standing Committee on Finance, Revenues, Privatisation and Economic Affairs has directed the National Accountability Bureau (NAB) to ensure compensation to the victims of Modarba scandal.
The committee, under the chairmanship of Senator Saleem H Mandviwala, discussed matters relating to Euro Bonds and US Bonds, bedsides discussing government of Pakistan and International Monetary Fund (IMF) agreement.
Regarding the Modarba issue, the NAB director general informed the committee that 76 cases have been reported and after scrutiny it would be confirmed that how many companies were involved in the Modarba case.
He told the committee that cases have been registered against 25 big companies and some of them were also ready to pay the plundered amount. The NAB DG said Rs 24 billion were looted from 34,400 people in the scam. He continued that the bureau has also recovered Rs 700 million and frozen assets worth Rs 13 billion.
Appreciating the efforts of the bureau, Saleem Mandiviwala urged the NAB to ensure the recovery of looted money of the victims.
The Senate committee also discussed in detail matters relating to promotion policy strategy of National Bank of Pakistan, the role of Nadra in holding of national census, and affairs of State and Frontier Regions (SAFRON).
