Islamabad (Online): National Accountability Bureau (NAB)\u2019s Executive Board Meeting decided to authorize investigation against Asif Hashmi, Ex-Chairman, Evacuee Trust Property Board (ETPB) & Pakistan Model Educational Institutions Foundation (PMEIF) and management of both institutions. In this case, the accused persons were alleged for misuse of authority by making over 700 illegal appointments.
\nThe board meeting of NAB was held under the chairmanship of Qamar Zaman Chaudhry, Chairman NAB at NAB Headquarters.
\nMeeting decided to authorize four inquiries. First inquiry was authorized against Dr. Zafar Iqbal, Ex-Vice Chancellor and Management of Federal Urdu University of Arts, Science and Technology, Sub Campus Lahore and others. In this case, the accused persons established Sub Campus of Federal Urdu University in Lahore in violation of rules and regulations and collected huge money from students. They cheated the students by misusing their authority.
\nSecond inquiry was authorized against officers\/officials of Allama Iqbal Open University (AIOU) and others. In this case, the accused persons were alleged for misuse of authority and financial embezzlement. Thus caused a loss millions of rupees to the national exchequer.
\nThird inquiry was authorized against Umair Steel Industries (Pvt) Ltd, Lahore. In this case, the accused persons were alleged for willful loan default of Rs. 42.590 million referred by State Bank of Pakistan under 31-D.
\nFourth inquiry was authorized against Bakht Zada Khan s\/o Haji Sher Baz Khan and others. In this case, the State Bank of Pakistan through FMU referred the case as Suspicious Transition Report (STR).
\nThe Executive Board Meeting (EBM) decided to re-authorize two inquiries. First inquiry was re-authorized against Dr. Ehsan, Vice Chancellor, Abdul Wali Khan University, Mardan and others. In this case, the accused persons were alleged for misappropriation of University funds allocated for scholarships and endowment purpose. Thus caused a loss of Rs. 1176\/- million to the national exchequer.
\nSecond inquiry was re-authorized against officials of Sheladia Associates and others regarding corruption and corrupt practices in the construction of Barang Road in FATA funds were provided by USAID. Thus caused a loss of Rs. 355.53\/- million to the national exchequer.
\nThe Executive Board Meeting (EBM) decided to close six (6) inquiries. These pertains to inquiry against Dr. Firdous Ashiq Awan, Ex-Federal Minister, Inquiry against officers\/officials of Civil Aviation Authority, inquiry against officers\/officials of BISP and others, inquiry against Waseem Ahmed Ursani,
\nEx-Secretary Forest and others, inquiry against officers\/officials of Revenue Department, Forest Department and others, and inquiry against Shahid Hussain Jatoi, Ex-Member Administration (FBR), Karachi and others. An investigation against officers\/officials of NHA was also closed due to lack of incriminating evidence.
\nEBM rejected the Plea Bargain request of Seth Nisar Ahmad in Accountability Court Reference No. 69\/2007.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad (Online): National Accountability Bureau (NAB)\u2019s Executive Board Meeting decided to authorize investigation against Asif Hashmi, Ex-Chairman, Evacuee Trust Property Board (ETPB) & Pakistan Model Educational Institutions Foundation (PMEIF) and management of both institutions. In this case, the accused persons were alleged for misuse of authority by making over 700 illegal appointments. The board meeting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-9625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"\n