The Supreme Court was informed on Tuesday that the bank manager Mohammad Malik had been arrested for opening fake accounts for payments to Moonis Elahi, son of former Punjab Chief Minister Pervaiz Elahi.
A four-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry was hearing a suo motu case on alleged violation of rules by former National Insurance Corporation Limited (NICL) chairman Ayaz Khan Niazi in procurement of land on highly inflated rates, causing a huge financial loss to national exchequer.
During the hearing, additional director FIA Zafar Ahmed Qureshi and Moazam Jah, director FIA Karachi briefed the court about the progress made in NICL corruption case. Zafar told the bench that they had detected two other fake accounts. He said from one account opened by Al-Tahoor Company's manager, Rs 100 million were paid to Mohnis Elahi.
He said that from another account of NICL Rs 42 crore was paid to Mohsin Warriach, and said that the agency had succeeded to arrest both the mangers of the bank who had facilitated the duo. Muazzam Jah gave the detail of NICL assets in Dubai and Karachi and told the court that the name of Amin Qasim Dada -one of the main accused in NICL scam, had been put on exit control list (ECL).
He said that twenty organisations have been contacted for identification of Amin Qasim Dada's assets while red warrants have been issued to bring back three co-accused- Khalid Anwar, Khawaja Akbar Butt and Syed Mohammad Iqbal, who have fled to US, UK and Dubai, respectively. Secretary Commerce informed the court that he had written letter to Auditor General of Pakistan (AGP) to conduct special audit of NICL as per court directives. The court adjourned the hearing for two weeks.
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