NAB starts probe into corruption of billions by Kamran Kayani, others

ISLAMABAD: The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) was held under the Chairmanship of Qamar Zaman Chaudhry, Chairman NAB, at the NAB headquarters on Tuesday. The following decisions were taken.

It was decided to authorise seven inquiries. The first inquiry to be launched is against Syed Iftikharul Hassan, MNA, Sialkot. He has been accused of accumulating assets beyond his known sources of income.

The second inquiry is against officers/official of the Federal Bureau of Revenue (FBR) and others. In this case, the persons involved have been accused of misuse of authority through relaxing tax regime for some service providers. This caused a huge loss to the national exchequer. 

The third inquiry is against Management of M/s Power Pack. In this case, the accused persons were alleged of making willful loan default of Rs165.370 million. The case has been referred by the State Bank of Pakistan under Section 31-D. Maj (retd) Kamran Kiyani is the sole beneficiary of the loan obtained.

The fourth inquiry is against officers/officials of Pakistan State Oil (PSO), management of Admore Gas Pvt Ltd (AGPL) and others. In this case, the accused were alleged of misuse of authority for illegally awarding of contract of worth billions of rupees to Admore Gas Private Limited (AGPL). 

The fifth inquiry is againstthe management of PPL for selling a plot measuring 3,510 square yard in Civil Lines Quarters, Karachi, at less than market rates, thus causing a huge loss to the national exchequer.

The sixth inquiry is against Ziaul Hassan Lanjar, former Adviser to CM, Sindh. In this case, the accused person is alleged of accumulation of assets beyond known sources of income.  

The seventh inquiry is against Parveen Naeem Shah, Vice Chancellor (VC), Shah Abdul Latif University, Khairpur, Sindh, and others. In this case, the accused are charged with Suspicious Transaction Report forwarded by Financial Monitoring Unit (FMU) of State Bank of Pakistan under Section 31-D. The EBM also approved the Voluntary Return (VR) application of Rs2.17 million by Ch. Muhammad Shahid Mehmood, Contractor in a case of inquiry against Haroon Khan, Ex-Executive Engineering, Upper Jhelum Canal, Gujrat Division, Irrigation Department and others.  

The EBM decided to close inquiry against officers/officials of CDA Islamabad and others, inquiry against Mian Muhammad Latif (Ex-Director of Bank of Punjab), CEO, M/s Chenab Ltd Group of companies, Lahore/ Faisalabad and other and inquiry against Dr. Zia ur Rehman, Ex-Chief Executive, Ayub Medical Institute, Abbottabad. The EBM also closed complaint verification (CV) against Arbab Ghulam Rahim, Ex-Chief Minster Sindh and others due to lack of incriminating evidence. 

At the end, Qamar Zaman Chaudhry, Chairman NAB said that NAB is committed to eradicate corruption by adopting zero tolerance policy through awareness, prevention and enforcement strategy. He directed all officers of NAB to work with more dedication and ensure transparency in conduct of complaint verification, inquiries and investigations against corrupt in accordance with laid down laws/SOPs of NAB and on merit.