AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,941 Increased By 103.5 (1.32%)
BR30 25,648 Increased By 196 (0.77%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)

ISLAMABAD: In a major development in the multi-billion rupees fake bank accounts case on Tuesday, an accountability court (AC) summoned Deputy Chairman Senate Saleem Mandviwalla, his brother, and other six accused in illegal allotment of Overseas Cooperative Housing Society Limited (OCHSL) (Kidney Hill) plots case on Feb 4.

Other accused court has summoned, include Mandviwalla's brother Nadeem Hakeem Mandviwalla, Muhammad Ajaz Haroon, former secretary Overseas Cooperative Housing Society Karachi, and former chairman Pakistan International Airlines (PIA) Abdul Qadir Shiwani, private person Tariq Mehmood, benamidar of Mandviwalla, Abdul Qayyum, and Khawaja Abdul Ghani Majeed to appear before the AC-I judge, Muhammad Bashir, on Feb 4.

The National Accountability Bureau (NAB) filed the reference against Mandviwalla and others on January 13 before the accountability court.

The reference was approved by the NAB's executive board meeting (EBM) on December 29, 2020 which was presided over by chairman NAB Javed Iqbal.

The NAB has filed a reference against the accused on their involvement in illegal allotment of plots in the OCHSL Karachi, and payment of those plots through fake bank accounts which incurred huge losses to the national exchequer.

According to another document submitted before the accountability court, the accused Haroon and Saleem Mandviwalla, in connivance with each other, embezzled the government land through illegal and fraudulent allotment of plots of the OCHSL and received unlawful and illegal gains of Rs144.2 million from fake bank accounts namely A-one International and Lucky International under the garb of business deal or property transaction with Abdul Ghani Majeed," the document says.

It says, "the accused Mandviwalla coordinated the said property deal and received illegal gains of Rs64.2 million out of total crime proceeds of Rs144.2 million and utilized the same for his personal gains by using mandate to operate his brother company account no 6500002687 titled Mandviwalla brothers. The accused Mandviwalla utilized same account for purchase of 3,108,000 shared of Mangla View Resort (Pvt) Ltd, valuing Rs 31,080,000 in the name of his employee/associate Tariq Mehmood."

Copyright Business Recorder, 2021

Comments

Comments are closed.