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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