Graft cases: NAB to file two corruption references

Qamar Zaman also authorises two investigations, seven inquiries

ISLAMABAD: The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) has decided to file two corruption references on Tuesday.

The EBM in its meeting chaired by Chairman NAB Qamar Zaman Chaudhry also authorised two investigations and seven inquiries, said NAB's press release.

The first corruption reference was decided to be filed against Riaz Qadeer Butt, CEO M/s Haq Bahu Sugar Mills (Pvt) Ltd and others.

The accused persons were alleged for wilfully failing to supply the requisite quantity of sugar to Trading Corporation of Pakistan (TCP) and Utility Stores Corporation of Pakistan and misappropriated the advance amount, causing huge loss of millions of rupees to the national exchequer.



Similarly second corruption reference was decided to be filed against Shehnaz Ikram, Director M/S SB Hosiery Factory PVT Ltd Faisalabad and others.

In this case, the accused persons were alleged for an engineered fraud by the Directors of M/S SB Hosiery Factory PVT Ltd Faisalabad in connivance with the bank officials through negotiating of fake/forged documents, which caused a loss of Rs195.217 million to the national exchequer.

The EBM also authorised two investigations as first investigation was authorised against officers/officials of Pakistan State Oil (PSO) and others. In this case, the accused persons were alleged for corrupt practices in procurement, shipping and distribution of below quality of petroleum products.

Second investigation was authorised against Muhammad Tahir Ismail, Proprietor of Tahir Traders, Rahim Yar Khan.



In this the accused persons were alleged for cheating/defrauding public by establishing an illegal brokerage house which caused a loss of Rs315.264 million.

The EBM also decided to authorise seven other inquiries.

Chairman NAB Qamar Zaman Chaudhry said that the bureau is committed to eradicating corruption by adopting zero tolerance policy.

He directed all officials of NAB to put in their best efforts in conduct of complaint verifications, inquiries and investigations against corrupt in accordance with law, transparently and on merit.