The National Accountability Bureau (NAB) has referred processed cases of National Insurance Company Limited to FIA for prosecution. The decision was at a NAB Executive Board meeting on Wednesday. Retired Admiral Fasih Bukhari chaired the meeting.
In one of its decisions, the Board authorised to hold different inquiries in 8 cases of wilful default pertaining to Bank of Punjab worth Rs 1.8 billion for recovery from the companies which had borrowed money from the BoP. The NAB will also dispatch a final notice to Dr Abdul Basit, Advocate, to return the money, of 'Double Shah' case, deposited with him by one of the accused, to NAB for disbursement to the affectees.
The Board also authorised to hold investigations against Muhammad Kamal and Mushtaq Ahmed of Senate Secretariat Housing Society for misappropriation of public money, against the Veterans Co-operative Housing Society at Taxila for illegal transfer of plots, against the officials of Haripur Revenue Department for misappropriation of government funds in the purchase of land for Workers Welfare Board Complex at Haripur.
A committee was also constituted to scrutinise all pending cases with NAB that may have been initiated on political basis during the previous regimes so as to bring them to a morally logical conclusion. The meeting approved inquiries against various individuals in corrupt practices for illegal allotments, misuse of authority and misappropriation of public funds besides, closing few cases due to lack of evidence. The plea-bargains of Juma Sher and Khatan Gul in the acquisition of land for Ring Road, Peshawar, as well as Khalid Aziz and Anwar Aziz of Malik Food Industries were approved.
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