Nicl Land Scam: Moonis’s manager withdraws bail plea

The agency says that it has to recover the embezzled amount of Rs420 million from Maalick, the manager.

LAHORE: Muhammad Maalick, manger of PML-Q MPA Moonis Elahi, on Thursday withdrew his bail petition in the National Insurance Company Limited (NICL) land scam case pending before a division bench of the Lahore High Court. As proceedings began, Maalick’s counsel Rai Bashir informed the court that he wanted to withdraw the bail petition. The bench allowed the same and disposed of the petition. The Federal Investigation Agency had accused Muhammad Maalick and others including former federal minister Habibullah Warraich and his son Mohsin Warraich, of misappropriating NICL’s funds.  The agency says that it has to recover the embezzled amount of Rs420 million, which accused Maalick allegedly deposited in some account of Mohsin Warraich.

Published in The Express Tribune, May 27^th, 2011.