Tuesday, May 17, 2016

NAB starts inquiry against KU VC for ‘embezzling funds’

ISLAMABAD: The National Accountability Bureau (NAB) on Wednesday dispatched a request against the Karachi University's bad habit chancellor, professedly for misappropriation of open assets through illicit installments, arrangements and utilization of the provident asset, which brought about a Rs566 million misfortune to the national exchequer.

The choice was taken in a meeting of the Executive Board of the National Accountability Bureau (NAB), held with its Chairman Qamar Zaman Chaudhry in the chair.The NAB Executive Board chose to allude the instance of senior PML pioneer and previous common clergyman, Punjab, Ch Zaheerud Din, Akhtar Ali, ex-Town Nazim, and others to theAnti-Corruption Establishment (ACE) as it didn't meet the edge laid in the SoPs for taking awareness of the case.

The NAB Executive Board chose to approve an examination against Tariq Iqbal Khan, ex-administrator and MD, National Investment Trust (NIT), Asif Jameel, ex-chief, NIT, and others. For this situation, the blamed persons were claimed for making illicit offer of Pakistan Engineering Company (PECO) offers by the NIT administration without acquiring the fundamental endorsement of the legislature.

The NAB board approved a request against Azeem Iqbal Siddiqui, ex-MD SSGCL, and others with respect to the buy of expert gas resources at excessive cost. For this situation, the blamed persons were affirmed for abuse of power, buy of professional gas resources in limit of single bidder for Rs2.25 billion at over the top value, therefore creating lost Rs800 million to the national exchequer.

The EBM chose to close the request against Nadir Shah, MD, Liquidator National Construction Company Limited, because of absence of implicating proof. On the finish of the Executive Board meeting, NAB Chairman Qamar Zaman Chaudhry emphasized that NAB is focused on killing debasement through all encompassing methodology of mindfulness, avoidance and implementation and by embracing zero resistance strategy against defilement all through the nation.

He coordinated all the NAB officers/authorities to put in their earnest attempts in behavior of protest check, request and examinations against degenerate persons as per the set down laws/SoPs of NAB.