NAB decides to file Supplementary Reference against accuse in Modaraba Scam

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ISLAMABAD,: Mr. Qamar Zaman Chaudhry, Chairman NAB chairing Executive Board Meeting (EBM) of National Accountability Bureau (NAB) at NAB Headquarters.

ISLAMABAD, Jul 15: The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) decided to file Supplementary Reference against Mufti Ahsan and 36 others in multi-billion Modaraba Scam. In this case, the accused Mufti Muhammad Ehsan Ul Haq, CEO of M/s Fayazi Gujranwala Industries Pvt Ltd and others are involved in illegal business of Modarba & Musharika and have received heavy investments and cheated public at large to the tune of Rs. 8 billion on the pretext of  Modarba & Musharika.
The meeting was held under the chairmanship of NAB Chairman Qamar Zaman at watchdog Headquarters.
The EBM decided to authorize three investigations. First investigation was authorized against Syed Murid Kazim, Ex-Minister of Revenue KP, Ahsan Ullah, the then SMBR, KP and others. In this case, the accused persons are alleged for illegal transfer of valuable state land measuring 1976 kanals situated in Dera Ismail Khan as alternate land to Naval families Rehabilitation Organization (NFRO), Bahawalpur and subsequent allotment of 182 kanal residential and commercial state land  to revenue officers. The EBM further decided to refer the case of Cdr (Rtd) Sarfraz Afzal of NFRO to Pakistan NAVY for appropriate action as per rules at their end.
The Second investigation was authorized against officers and officials of Revue Department and others. In this case, the accused persons were alleged for illegal allotment of 530 acres of State Land State Land to private persons and misuse of authority thus causing loss approx Rs. 5.30 billion to the national exchequer.
The Third investigation was authorized against officers/officials of Pakistan Tobacco Board. In this case, the accused persons were alleged for misuse of authority by purchasing land for PTB Tobacco Research Station at exorbitant rates thus causing loss of Rs. 33.2 million to the national exchequer in connivance with each other.
The Executive Board Meeting (EBM) decided to authorize six (6) inquiries. First inquiry was authorized against Syed Asif Akhtar Hashmi Ex-Chairman of Evacuee Trust Property Board (ETPB), Ch. Riaz Ahmed Ex-Vice Chairman, ETPB, Faizan Shams Investment Management Officer, ETPB, Junaid Ahmad Secretary, ETPB, Sheraz Hashmi and others. In this case, the accused persons are alleged for corruption and corrupt practices, embezzlement of funds of ETPB, auction/allotment of lands which lease period is still due and appointment/posting of favorite persons on important seats thus causing a huge loss of Rs.721 million to the national exchequer.
The Second inquiry was authorized against Mujeebullah Siddiqui, businessman/builder and others. In this case, the accused persons were alleged for Illegal acquisition of government land by paying bribe and land grabbing thus causing loss of millions of rupees to the national exchequer.
The third Inquiry was authorized against Management of Sandak Metal Limited regarding excavation of Gold by Metallurgical Contracting Company China (MCC) under the cover of Blister Copper. In this case, the Management of Sandik Metal Limited (SML) regarding Excavation of Gold by MRLD under the Cover of Blister Copper were alleged for Metallurgical Contracting Company China through it sublet company MRLD is involved in illegal excavation of 1% Gold under the cover of blister copper without paying levy and other dues to Government of Pakistan thus causing loss of billion of rupees to the national exchequer.
The Fourth inquiry was authorized against M/s Neelam Corporation on the charges of willful loan default of Bank Islami Pakistan Ltd of worth Rs. 83.734 million sent by State Bank of Pakistan under section 31-D of NAO.
The Fifth inquiry was authorized against M/s AZM Chemical Company on the charges of willful loan default of Bank Islami Pakistan Ltd of worth Rs. 51.351 Million sent by State Bank of Pakistan under section 31-D of NAO.
The Sixth inquiry was authorized against Directors / Guarantors of Ms Trans Livia (Pvt) Limited on the charges of willful loan default of Bank Islami Pakistan Ltd of worth Rs. Rs. 104.722 Million sent by State Bank of Pakistan under section 31-D of NAO.
The EBM also decided to authorize Complaint Verification (CV) against the management of Karachi Port Trust Cooperative Housing Society. In this case, the accused persons were alleged for illegal allotment of commercial Plots number FL-9, FL-10 to Ex-Senator Sardar Fateh Muhammad Hasni.
The EBM approved application of Voluntary Return (VR) of Muhammad Wali, Ex-Chief Executive, PESCO Peshawar amounting to Rs.31.5 million. In this case, the accused person is alleged for accumulation of assets beyond known sources of income.
The EBM decided to close Inquiry against Qazi Mustafa Kamal, Ex-MD, PTV, inquiry against Naeem Ullah Shahani, Ex-MPA and Aleem Ullah Shahani and Ex-Tehsil Nazim, Bhakkar, Investigation against Mian Muhammad Ajmal, Mst. Yasmin, Chief Executive of M/S Blossom Towel Industry Hattar, investigation against Shan Muhammad Brohi, District Education Officer (D.E.O.) Schools, District Jacobabad & others and  Complaint Verification against Syed Murad Ali Shah, Finance Minister, Sindh, Sohail Rajput, Secretary Finance, Sindh and others due to lack of incriminating evidence.
The EBM was informed that a case against officers/officials of Karachi Metropolitan Corporation (KMC) regarding fraudulent and ghost employment in Karachi Metropolitan Corporation was investigated by FIA. The EBM decided to transfer the case from FIA to NAB under 16(A) of NAO 1999 from Banking Court to Accountability Court. In this case the accused persons were alleged for illegal and fraudulent opening of bank accounts in the name of different people for crediting, bogus and fake salaries obtained from KMC.

At the end, Qamar Zaman Chaudhry, Chairman NAB said NAB has been committed to eradicate corruption and corrupt practices from the country by adopting Zero Tolerance Policy through holistic and proactive approach including Enforcement, Awareness and Prevention Strategy. He directed all ranks of NAB to work with honesty, dedication and conduct all complaint verification, inquiries and investigations against corrupts in accordance with laid down laws/SOPs, transparently and on merit.

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