Former NICL chairman offers conditional arrest

Published: November 22, 2010

The main accused in the NICL scam offers conditional arrest

Former National Insurance Company Limited (NICL) chairman and absconder in the NICL scam, Ayaz Khan Niazi, offered the Federal Investigation Agency (FIA) his conditional arrest through his lawyer on Monday.

FIA sources claim Ayaz Khan Niazi’s counsel, Hafeez Peerzada, proposed to the FIA authorities that if Ayaz’s family is not bothered with repeated raids, he will appear to face an inquiry. FIA lawyers discussed the proposal and rejected the offer, said the sources.

However, while talking to Express 24/7, the Punjab director of FIA Punjab, Zafar Qureshi, denied receiving any offer from Ayaz’s counsel. He denied receiving an offer and said that Niazi will be arrested within the next two days.

Nine of the 12 accused in the NICL scam have already been arrested while raids are being conducted to arrest the remaining three.

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