AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.09 Decreased By ▼ -0.09 (-1.74%)
CNERGY 4.37 Decreased By ▼ -0.09 (-2.02%)
DFML 32.45 Decreased By ▼ -2.71 (-7.71%)
DGKC 75.49 Decreased By ▼ -1.39 (-1.81%)
FCCL 19.52 Decreased By ▼ -0.46 (-2.3%)
FFBL 36.15 Increased By ▲ 0.55 (1.54%)
FFL 9.22 Decreased By ▼ -0.31 (-3.25%)
GGL 9.85 Decreased By ▼ -0.31 (-3.05%)
HBL 116.70 Decreased By ▼ -0.30 (-0.26%)
HUBC 132.69 Increased By ▲ 0.19 (0.14%)
HUMNL 7.10 Increased By ▲ 0.04 (0.57%)
KEL 4.41 Decreased By ▼ -0.24 (-5.16%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.20 Decreased By ▼ -1.30 (-3.47%)
OGDC 133.50 Decreased By ▼ -0.97 (-0.72%)
PAEL 22.60 Decreased By ▼ -0.30 (-1.31%)
PIAA 26.01 Decreased By ▼ -0.62 (-2.33%)
PIBTL 6.55 Decreased By ▼ -0.26 (-3.82%)
PPL 115.31 Increased By ▲ 3.21 (2.86%)
PRL 26.63 Decreased By ▼ -0.57 (-2.1%)
PTC 14.10 Decreased By ▼ -0.28 (-1.95%)
SEARL 53.45 Decreased By ▼ -2.94 (-5.21%)
SNGP 67.25 Increased By ▲ 0.25 (0.37%)
SSGC 10.70 Decreased By ▼ -0.13 (-1.2%)
TELE 8.42 Decreased By ▼ -0.87 (-9.36%)
TPLP 10.75 Decreased By ▼ -0.43 (-3.85%)
TRG 63.87 Decreased By ▼ -5.13 (-7.43%)
UNITY 25.12 Decreased By ▼ -0.37 (-1.45%)
WTL 1.27 Decreased By ▼ -0.05 (-3.79%)
BR100 7,461 Decreased By -60.9 (-0.81%)
BR30 24,171 Decreased By -230.9 (-0.95%)
KSE100 71,103 Decreased By -592.5 (-0.83%)
KSE30 23,395 Decreased By -147.4 (-0.63%)

LAHORE: An accountability court on Saturday sent Lahore Parking Company's (LPC) former chief, Hafiz Nauman to jail on judicial remand in connection with a scam of the company.

Earlier, National Accountability Bureau (NAB) officials produced Hafiz Nauman before Accountability Court, Judge Syed Najamul Hassan on expiry of physical remand term.

NAB prosecutor Waris Ali Janjua submitted that investigations had been completed from the accused and his custody was no longer required.

He pleaded with the court to send the accused to jail on judicial remand.

The court sent Hafiz Nauman to Jail on judicial remand till December 20, with a direction to produce him again on expiry of the term.

According to NAB, the accused misused his authority and illegally awarded parking sites contracts. National exchequer had to face loss of millions of rupees due to financial irregularities in the company.

On November 28, Hafiz Nauman was arrested from Lahore High Court premises after a division bench dismissed his pre-arrest bail petition.

NAB also arrested LPC chief executive officer, Taseer Ahmed, chief financial officer, Usman Qayyum, General Manager, Faizan Wali and Accounts Manager Saad Rafique in the scam, besides CEO National Technology Group, Faisal Rao.

Faizan Wali, Saad Rafique and Faisal Rao had been released after striking a plea bargain with NAB. The three suspects paid Rs80mn to clear the liability against them in the scam.

Copyright APP (Associated Press of Pakistan), 2018

Comments

Comments are closed.