Wednesday, February 08, 2012
- Four Governors, CM Sindh, KPK call on President
- Turkey says world must support Syrian people
- SC forms 8-member bench to hear PM's intra-court appeal
- Iran could hit US forces anywhere if attacked: Report
- Maldives president says he was forced to resign at gunpoint
- Sri Lankan President to visit Pakistan to boost bilateral ties
- Perth: India beat Sri Lanka by 4 wkts
- US drone strike kills 10 in NWaziristan
- Indian ministers accused of watching porn in Karnataka assembly quit
- Former Maldives leader calls for successor to quit
NAB okays plea bargain of BoP scam accused
ISLAMABAD The Executive Board of National Accountability Bureau (NAB) on Wednesday gave approval to the plea bargain of Sh Afzal, owner of Haris Steel Mills, and 17 other accused of Bank of Punjab scam who had agreed to collectively pay back Rs 8.4 billion.
The board also gave approval to two fresh corruption references, informed the sources privy to the deliberations of the boards meeting.
The case of plea bargain would be presented before the Supreme Court of Pakistan when it would take up the case on Thursday (today). The sources further informed that the Bank of Punjab scam was amounting to Rs 9 billion loan, which the accused had refused to pay back.
The Executive Board meeting of NAB was held under the chair of Chairman NAB Naveed Ahsan while Deputy Chairman NAB Irfan Nadeem, Director General and all the directors were in attendance.
The sources informed that a case of plea bargain deal struck with Sh Afzal and 17 other accused in Bank of Punjab scam was presented for approval before the board. According to the deal struck with the accused, all the accused had agreed to pay back the amount embezzled by them, which collectively stood at Rs 8.4 billion.
The sources informed that another main accused in the case, Hamesh Khan, the former president of Bank of Punjab, Sh Nasir and Shoaib Qureshi were still not in NAB custody as Government of Pakistan was in the process of Hamish Khans extradition to Pakistan from United States. Hamesh also has the American nationality while the other two accused were still at large and NAB court had declared them proclaimed offenders.
The sources in the meeting further informed that the board meeting also gave approval to the corruption reference against former DG Finance PTA Irfan Ahmad Zubari who was charged with embezzlement of Rs 80.175 million public money.
According to reports, Irfan Ahmad Zubari had opened fake bank accounts in the name of PTA and had transferred the said amount in it from the official accounts.
In the other reference, PTCL Divisional Engineer Hafiz Tariq Saeed was charged with embezzling over Rs 2 million from the departments fund.
The board also gave approval to two fresh corruption references, informed the sources privy to the deliberations of the boards meeting.
The case of plea bargain would be presented before the Supreme Court of Pakistan when it would take up the case on Thursday (today). The sources further informed that the Bank of Punjab scam was amounting to Rs 9 billion loan, which the accused had refused to pay back.
The Executive Board meeting of NAB was held under the chair of Chairman NAB Naveed Ahsan while Deputy Chairman NAB Irfan Nadeem, Director General and all the directors were in attendance.
The sources informed that a case of plea bargain deal struck with Sh Afzal and 17 other accused in Bank of Punjab scam was presented for approval before the board. According to the deal struck with the accused, all the accused had agreed to pay back the amount embezzled by them, which collectively stood at Rs 8.4 billion.
The sources informed that another main accused in the case, Hamesh Khan, the former president of Bank of Punjab, Sh Nasir and Shoaib Qureshi were still not in NAB custody as Government of Pakistan was in the process of Hamish Khans extradition to Pakistan from United States. Hamesh also has the American nationality while the other two accused were still at large and NAB court had declared them proclaimed offenders.
The sources in the meeting further informed that the board meeting also gave approval to the corruption reference against former DG Finance PTA Irfan Ahmad Zubari who was charged with embezzlement of Rs 80.175 million public money.
According to reports, Irfan Ahmad Zubari had opened fake bank accounts in the name of PTA and had transferred the said amount in it from the official accounts.
In the other reference, PTCL Divisional Engineer Hafiz Tariq Saeed was charged with embezzling over Rs 2 million from the departments fund.
This news was published in print paper. Access complete paper of this day.
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