Lax controls: Central figure in NICL scam flees to Dhaka

Published: March 30, 2012
The company’s ex-chairman left the country despite his name being on ECL.

The company’s ex-chairman left the country despite his name being on ECL.

KARACHI: Former National Insurance Company Limited (NICL) chairman and central suspect in its financial scandal, Ayaz Khan Niazi has managed to evade the Exit Control List (ECL) and flee the country.

Niazi had been facing corruption charges involving billions of rupees, in Karachi and Lahore, along with several other persons. His name had been included in the ECL along with other accused in the NICL scandal on the Supreme Court (SC) orders.

Sources told The Express Tribune, however, that the Karachi cases had gone without court hearing because no judge had been appointed as yet.

It is this lapse that allowed Niazi to arrange bail for all the cases against him.  He also succeeded in obtaining a written permission to leave the country for ‘one time only’ despite his name being on the ECL.

According to the sources, he availed this opportunity, leaving for Dhaka on March 24 by PIA’s flight PK-226.

Niazi had disappeared once before as well, around the time the cases were registered and his name was placed on the ECL. He went into hiding, but subsequently offered himself for arrest.

The cases against him and the others were registered by the Federal Investigation Agency (FIA) following a probe into the NICL scandal. The SC had taken suo motu notice of the scandal and directed the FIA to conduct an investigation into the matter.

Published in The Express Tribune, March 30th, 2012.


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Reader Comments (11)

  • Mar 30, 2012 - 9:54AM

    this is utterly disgusting, how can one leave the country while his name is in that God damned ECL?? Rahman malik May help in this case i guess..


  • Justice to be done
    Mar 30, 2012 - 10:47AM

    ECL=Executive Control List ;)


  • romeo
    Mar 30, 2012 - 10:52AM

    Money talks and corrupt leaders dances to its tune


  • usman
    Mar 30, 2012 - 11:24AM

    Surely Rehman Malik deserves another nishaan-e-imtiaz. He maintains his impressive streak of improving law and order in the country.


  • Mar 30, 2012 - 12:37PM

    because no judge had been appointed as yet.

    CJ was it duty of PM???


  • Billoo Bhaya
    Mar 30, 2012 - 1:16PM

    The entire FIA staff at the airport should have been arrested for collusion in the fleeing of a man under indictment and after judgement be duly hanged. This should include all others who aided and abetted in this man’s flight. But no, the CJ and his other Mi Lords are all going to do sweet FA.


  • Anserali Khan
    Mar 30, 2012 - 3:53PM

    Totally disgusting. CJ should take suo moto notice of this


  • C. Nandkishore
    Mar 30, 2012 - 4:35PM

    He must have taken Dawood Ibrahim’s help.


  • wahab khan afridi
    Mar 30, 2012 - 10:04PM

    why is US or India afraid of us if we have these corrupt leaders in pakistan they will do their job with out using a single bullet. Recommend

  • Zain Mazari
    Apr 1, 2012 - 6:09PM

    Niazi had left for Dhaka and returned prior to the 29th of March 2012 as I met him on the 29th myself. Do not forget, Niazi voluntarily presented himself to the concerned authorities for investigations. Media is extremely powerful and with such power comes a great responsibility Recommend

  • Zain Mazari
    Apr 1, 2012 - 6:48PM

    Niazi returned 2 days prior to this article being published.Recommend

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