ISLAMABAD: The National Accountability Bureau, Rawalpindi, has submitted an application for the acceptance of plea bargain of accused Shafqat Mumtaz (owner of M/s Noor Petroleum Service) to the Accountability Court No 1, Islamabad.
Shafqat is a government contractor, who used to supply POL to District Municipal Corporation (DMC), Korangi, Karachi, in 2014-15.
The accused received payments through exaggerated billing and paid the excess amount as kickbacks/commission to officials of the DMC and retained Rs 10 million.
Out of the amount paid as kickback/commission, Rs 4 million were transferred to fake back accounts and subsequently used as partial payment for the purchase of Plot No 216, E.I.Lines, Karachi Cantt (measuring 5145 sq yds) which is a Benami property of accused Khwaja Abdul Ghani Majeed and accused Muhammad Younus Kidwai and is held in the name of the Benami company, M/s Marshal Homes Builders & Developers (Pvt) Limited.
The court approved the plea bargain of Shafqat Mumtaz for a liability amounting to Rs 10,084,070, as recommended by the National Accountability Bureau chairman.
Senator Saleem Mandviwala apprised Bilawal of the issues in the Senate
Rabbani said the report of Faizabad Commission chose to close the matter while avoiding further controversy and...
He said political stability is a must for capitalizing on this rare opportunity in the form of Saudi Arabia’s...
At the moment, the foundation is managing 13 model emergency rooms across the country
The report states that due to importation of expensive wheat by government agencies, the national exchequer lost 31.32...
The fashion designer marked her attendance and assured the court that she would appear at each hearing of the case