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ISLAMABAD: Submitting another list of 29 mega scams before the Supreme Court, the National Accountability Bureau (NAB) said on Tuesday that military authorities were not cooperating in investigation into a Rs4 billion scam of unauthorised investment in stock exchange.
The Public Account Committee (PAC) had directed NAB in July 2011 to proceed against three former generals and two civilian officials of the National Logistic Cell (NLC) for illegally investing Rs4.3 billion in the stock market and causing a loss of Rs1.8 billion in the process.
Complying with the order, NAB on February 23, 2012 initiated an inquiry against Lt Gen (retd) Khalid Munir Khan, Muhammad Afzal Muzaffar, Maj Gen (retd) Khalid Zaheer Akhtar, Najeebullah Khan and Saeed ur Rehman.
“[However,] as major portion of the inquiry was being conducted at the GHQ [General Headquarters], NAB cannot finalise/conduct inquiry proceedings in isolation without provision of records,” said NAB in its fresh report submitted in the apex court on Tuesday.
Giving detail of the NLC scam, NAB said despite repeated reminders since January 2012, neither the NLC nor the GHQ has sent any records regarding the scam. Since July 2011, the GHQ has not allowed NAB to proceed against the former generals and decided to hold an inquiry on its own, it added.
“[But] neither a reply or record was provided nor intimation was given regarding the out of court inquiry against the army officers,” the report said.
Other cases
According to the new list, the anti-corruption watchdog has furnished details of 17 financial scams, five land scams and five cases regarding abuse of official positions. The report said that the NAB headquarters has sought an explanation from regional NABs within seven days for not giving complete information regarding 150 mega scams.
It said that on May 27, 2013, an inquiry was initiated against the officials of Privatisation Commission and Pakistan Telecommunication Company, Eitsalat and others regarding deliberate avoidance by Eitasalat to pay $800 million to government of Pakistan. “The inquiry will be completed by October 30,” it claimed.
Recently, on July 24, NAB started an inquiry into a Rs5 billion scam regarding the illegal sale/ acquisition of share of KASB by Bank Islami, it said.
NAB also provided details of several loan scams related to Bank of Punjab (BoP), adding that an inquiry into misappropriation and fraud of around Rs6.139 billion in the BoP will be completed by October 10.
Providing details of the land scams, the report said NAB on June 5 initiated investigation against Sindh Building Control Authority DG Manzoor Qadir and others regarding illegal conversion of 7.2 billion worth streets and roads in Clifton Block-3.
The report said an investigation is under way into the allotment of 350 acres of land of the Karachi Port Trust (KPT) worth Rs350 billion to the Karachi Metropolitan Corporation (KMC) through alleged misuse of authority.
While submitting details regarding a Rs13.27 billion scam involving officers of the National Transmission and Dispatch Company (NTDC), DISCOs and others, the report said an inquiry into this matter will be completed by July 30.
NLC scam: Army authorities not cooperating, NAB tells Supreme Court - The Express Tribune
The Public Account Committee (PAC) had directed NAB in July 2011 to proceed against three former generals and two civilian officials of the National Logistic Cell (NLC) for illegally investing Rs4.3 billion in the stock market and causing a loss of Rs1.8 billion in the process.
Complying with the order, NAB on February 23, 2012 initiated an inquiry against Lt Gen (retd) Khalid Munir Khan, Muhammad Afzal Muzaffar, Maj Gen (retd) Khalid Zaheer Akhtar, Najeebullah Khan and Saeed ur Rehman.
“[However,] as major portion of the inquiry was being conducted at the GHQ [General Headquarters], NAB cannot finalise/conduct inquiry proceedings in isolation without provision of records,” said NAB in its fresh report submitted in the apex court on Tuesday.
Giving detail of the NLC scam, NAB said despite repeated reminders since January 2012, neither the NLC nor the GHQ has sent any records regarding the scam. Since July 2011, the GHQ has not allowed NAB to proceed against the former generals and decided to hold an inquiry on its own, it added.
“[But] neither a reply or record was provided nor intimation was given regarding the out of court inquiry against the army officers,” the report said.
Other cases
According to the new list, the anti-corruption watchdog has furnished details of 17 financial scams, five land scams and five cases regarding abuse of official positions. The report said that the NAB headquarters has sought an explanation from regional NABs within seven days for not giving complete information regarding 150 mega scams.
It said that on May 27, 2013, an inquiry was initiated against the officials of Privatisation Commission and Pakistan Telecommunication Company, Eitsalat and others regarding deliberate avoidance by Eitasalat to pay $800 million to government of Pakistan. “The inquiry will be completed by October 30,” it claimed.
Recently, on July 24, NAB started an inquiry into a Rs5 billion scam regarding the illegal sale/ acquisition of share of KASB by Bank Islami, it said.
NAB also provided details of several loan scams related to Bank of Punjab (BoP), adding that an inquiry into misappropriation and fraud of around Rs6.139 billion in the BoP will be completed by October 10.
Providing details of the land scams, the report said NAB on June 5 initiated investigation against Sindh Building Control Authority DG Manzoor Qadir and others regarding illegal conversion of 7.2 billion worth streets and roads in Clifton Block-3.
The report said an investigation is under way into the allotment of 350 acres of land of the Karachi Port Trust (KPT) worth Rs350 billion to the Karachi Metropolitan Corporation (KMC) through alleged misuse of authority.
While submitting details regarding a Rs13.27 billion scam involving officers of the National Transmission and Dispatch Company (NTDC), DISCOs and others, the report said an inquiry into this matter will be completed by July 30.
NLC scam: Army authorities not cooperating, NAB tells Supreme Court - The Express Tribune
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