NICL hearing: Rs41m transferred to 30 accounts, SC reveals

Court hearing reveals Rs41 million was transferred to 30 accounts of Amin Faheem's wife and another person.


Express June 08, 2011

ISLAMABAD: The Supreme Court, hearing the National Insurance Company Limited (NICL) scam case on Wednesday, revealed that an amount of Rs41 million was transferred to 30 accounts of Pakistan Peoples Party leader Amin Faheem's wife and another person.

During the hearing, it was also observed that court orders are not being implemented nor the accused involved are being arrested.

The disclosure was made by Federal Investigative Agency's (FIA) Director Legal Affairs Azam Khan who presented a report in the court.

Chief Justice Iftikhar Mohammad Chaudhry, who is heading the bench, also noted that verified record of the case was not presented in the court.

The court also noted that no progress has been made after Zafar Qureshi's transfer.

According to the FIA, Pakistan Muslim League- Quaid MPA Moonis Elahi embezzled money from the NICL and transferred it to bank accounts under the name of his partners.

The NICL embezzlement case investigation has dragged in its net several prominent politicians and their children, including Mohsin Warraich, son of former federal cabinet member Habibullah Warraich.

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Haris Farooq | 10 years ago | Reply "Democracy is the best revenge" Now I understand the real meanings.
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