(Karachi) The National Accountability Bureau (NAB) has opened an investigation into reported closure of Pakistan International Airlines’ (PIA) Roosevelt Hotel in New York, local media has reported.

As per details, the accountability bureau has asked relevant institutions, including the national flag carrier, to provide record in a bid to facilitate the investigation process.

The NAB has also been tasked to probe the role of the government’s task force on the airline’s iconic hotel situated in Manhattan.

PIA owned Roosevelt Hotel in NY is closing down permanently

Earlier, Federal Minister for Aviation Ghulam Sarwar Khan said that the government has no intention to sell the historic Roosevelt Hotel in New York, terming news about its sale as “speculative” and “misleading”.

The Hotel, a New York City landmark, owned by the Pakistan International Airlines (PIA), announced to close its doors permanently after nearly 100 years, due to the coronavirus pandemic and a drop in business activities.

The PIA had acquired the 19-storey building in 1979 on the partnership. In 1999, the airlines bought complete shareholding from its own resources and without any aid from the government.