ISLAMABAD - The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) yesterday decided to file two corruption references, four investigations and six inquiries against politicians, businessmen and govt officials.

The first corruption reference was decided to file against Sheikh Abdul Rasheed, the then Chief Metropolitan Planner and ex-DG, Lahore Development Authority (LDA) and others.

In this case, the accused persons were alleged for causing dual loss to LDA including sale of land acquired by LDA and illegal exemption of 28 plots and ,thereby, getting allegedly illegal gains for themselves and for their associates. 

The EBM decided to register second corruption reference against Mufti Muhammad Ehsan-ul-Haq and others.

In this case, the accused person are accused of cheating public at large of Rs 8.2 billion in the name of Islamic Banking. Additional accused in the case have been cited in the reference.

NAB authorised four investigations and the first investigation was authorised against Manzoor Qadir, Director General Sindh Building Control Authority (SBCA), Karachi and others and the accused person is alleged for misuse of authority, illegal allotment of amenity area on Nehr-e-Khayyam and caused billions of rupees loss to the national exchequer.

The second investigation was authorised against Directors of M/s Tarmac Pak Company, officials of C&W Department, govt of the Punjab and others.

In this case, the accused persons were alleged for misuse of authority and misappropriation of govt funds and caused a loss of Rs 11.939 million to the national exchequer.

The third investigation was authorised against Inside Trading in the purchase of M/s Azgard Nine Ltd shares and purchase of Agritech shares by National Bank of Pakistan at higher rates and caused a loss to the national exchequer.

The fourth investigation was authorised against Dr Zafar Iqbal, ex-VC of Federal Urdu University, Karachi, officers of Federal Urdu University Karachi and others.

The accused persons were alleged for misappropriation of Rs 82 million by illegal work order given to M/S Sardar Security Services (pvt) Ltd on account of provision of security services to Federal Urdu University Karachi and Islamabad and caused of Rs 90 million approximately to the national exchequer in this case.

The EBM also re-authorised two inquiries and the first inquiry was re-authorised against Sindh Government Lands Committee, officials of Land Utilisation Department and others for illegal regularisation of four acres land etc.

In this case, the accused persons were alleged for usurping of land measuring four acres in sector 31-A, Scheme-33, Karachi.

The second inquiry was re-authorised against officers of State Bank of Pakistan, Bank Islami, KASB and others and the accused persons were alleged for non-transparent amalgamation of KASB Bank into Bank Islami in this case.

The third inquiry was re-authorised into illegal allotment of State Land measuring 119 Rods and 4 Pols in favour of Dilshad Akhtar daughter of Khurshid Alam at Quetta and caused a loss of millions of rupees to the national exchequer.

The EBM authorised two inquiries and it was authorised first inquiry against Member National Assembly NA-16 Hangu, Khayal Zaman Mazar Khan regarding suspicious transaction and corrupt practices received through Financial Monitoring Unit (FMU) of State Bank of Pakistan.

The second inquiry was authorised against Directors of M/s AHHL, Directors of AHHL’s Subsidiary Companies, Directors of United Insurance Company of Pakistan Ltd, officials of govt of Balochistan.

The accused persons were alleged for embezzlement of government funds of Rs200 million approximately in this case.

The EBM decided to authorise complaint verification against Sardar Hussain Babak, former Education Minister Khyber Pakhtunkhwa and he is involved for accumulation of assets beyond known sources of income and misappropriation of funds amounting to Rs 40 million approved from CM for Works and Services department.

In a case of Ali Usman Stock Brokerage Pvt Ltd against Khalida Anwar and M. Osman Tassadaq, the EBM approved the request of Voluntary Return (VR) of Khalida Anwar and M. Osman Tassadaq of Rs 98.257 million.

The EBM also authorised to close investigation against govt functionaries and others into misuse of authority in hampering the investigation proceedings in the matter of Ayyaz Khan Niazi, Ex-Chairman, NICL and investigation against  Hussain Haqqani, Ex-Secretary Information for unlawful award of licences to three Private Companies for establishing FM Radio Station in Lahore, Karachi and Islamabad, inquiry against Owners of M/s Haydatullah Khan & Company (Pvt) Ltd, Faisalabad and  officials of C&W Department,govt of the Punjab and others and complaint verification against Peer Noor Muhammad Shah Jeelani, MNA and Chairman District Development Committee, Tharparkar and others due to lack of incriminating evidence.