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Business & Finance

Shahid Shafiq remanded to NAB custody    

Published February 26, 2018 Updated February 26, 2018 03:31pm

LAHORE: An accountability court on Monday handed over accused Shahid Shafiq, Chief executive of Bismillah Engineering Services, to National Accountability Bureau (NAB) on physical remand till March 5 in Ashiana-i-Iqbal Housing scam.

Earlier, the accused was presented amid strict security before Accountability Court Judge Syed Najam-ul-Hassan on expiry of his one-day physical remand.

The NAB prosecutor requested the court to grant 15 days physical remand of the accused for collection of evidence and carrying out investigations in accordance with law.

However, a defence lawyer opposed the request stating that the accused was allegedly tortured. He requested the court to issue directions for medical examination of the accused.

He further requested the court to adjourn the matter for one-day as the senior defence counsel was not available today for arguing the matter due to his engagements in Karachi.

To which, the NAB prosecutor argued that the bureau had medical facilities and requested for physical remand of the accused.

The court after hearing arguments of both parties remanded the accused into NAB custody on physical remand till March 5. The court directed NAB officials to produce him again on expiry of the remand term.

The NAB had arrested the accused on charges of presenting fake documents, obtaining constructive possession of Ashiana-i-Iqbal project without financial close and willfully failing to complete the project, causing a loss to the government.

Shahid in connivance with LDA officers/officials presented fake documents of joint venture/consortium comprising three firms - Bismillah Engineering Services Co, M/s Sparco Construction Company and M/s China First Metallurgical Group Co Ltd -- and eventually obtained a contract of Rs 14 billion illegally being owner of C4 category company, which was not eligible to get a contract worth more than Rs 150 million.

Earlier, on Sunday, the NAB officials obtained one-day physical remand of the accused from a magisterial court due to closure of accountability courts on account of weekly holiday.

Copyright APP (Associated Press of Pakistan), 2018

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