Former NTDC CEO held for graft

LAHORE: National Accountability Bureau (NAB), Lahore, Thursday took into custody former Chief Executive Officer, National Transmission and Dispatch Company (NTDC), Rasul Khan Mahsud on the charges of causing a loss worth Rs13.270 billion to national exchequer by misusing the authority.

According to a NAB spokesman, accused Rasul Khan Mahsud remained Pepco Managing Director (MD) from 2010 till 2012 and allegedly by misusing his authority had attempted to hamper the investigation officers by misguiding through providing excel sheets of estimates prepared for manufacturing and procurement of hundreds of transformers.

Moreover, he said, the accused approved tenders over exaggerated rates and this criminal act on the part of Rasul Khan Mahsud caused a loss worth Rs13.270 billion to national exchequer.

NAB Lahore had filed against the accused a corruption reference in Accountability Court in December 2015. NAB Lahore has acquired until April 3, 2018, his physical remand from the court concerned.

open court: National Accountability Bureau (NAB), Lahore, Director General Shahzad Saleem Thursday held “Open Hearing” and issued directives on the spot to address grievances of the complainants.

According to a press release, majority of applications submitted on Thursday were against different housing societies. The open hearing was held during from 2pm to 4pm in which DG NAB Lahore listened to all the complainants and assured them of taking strict actions against the administration of those housing societies.