FUAST scam: FIA asks Urdu university to take action against three officials

Published: December 27, 2014
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Finds ‘no embezzlement’ in varsity accounts. STOCK IMAGE

Finds ‘no embezzlement’ in varsity accounts. STOCK IMAGE

ISLAMABAD: The Federal Investigation Agency has asked the Federal Urdu University of Arts, Science and Technology to take action against its three officials for their alleged involvement in illegal transfer Rs150 million to a private account.

The scam surfaced at the Islamabad campus of the university in July earlier this year, but the top management has spent much of the time passing the buck.

The said amount was allegedly transferred from a university account to a private account without bringing it to the top management’s attention. Five university employees, involved in opening the bank account, were suspended following an inquiry. The accused have been staging a sit-in every day since then for having been ‘illegally’ suspended.

The FIA investigation report available with The Express Tribune states that the probe was initiated on complaint of the university’s registrar.

The report finds “no embezzlement” in the accounts of the university maintained in a bank in Sector H-9.

“However, Director Accounts Asim Bukhari, Deputy Registrar Shah G. Muhammad and Private Secretary of VC Rasheed Bangash were found responsible for signing the application for opening an account without approval from the VC,” the report states.

The report further revealed that Bukhari was found responsible for opening the account and allegedly had also given verbal instructions to the manager of a private bank to transfer Rs150 million. The said amount was transferred from the varsity’s day-to-day affairs account.

About the role of the three staffers involved in the transfer, the FIA found that all of them had jointly opened the account and let the bank transfer the amount without the approval of competent authority and the VC.

“It is recommended to take departmental action against the delinquent officers under intimation to this agency,” the report concluded.

When contacted, VC Zafar Iqbal said they would take action as per the ordinance of the university. “The action could be demotion, transfer or any other action recommended by the syndicate (governing body) of the varsity,” he remarked.

Published in The Express Tribune, December 27th, 2014.

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Reader Comments (2)

  • abcd
    Dec 27, 2014 - 12:45PM

    “The report further revealed that Bukhari was found responsible for opening the account and allegedly had also given verbal instructions to the manager of a private bank to transfer Rs150 million.”

    VERBAL INSTRUCTIONS!!!….I can;t get Rs.10 from my bank on verbal instructions….how can they transfer Rs.150 million on verbal instruction??? something fishy at the bank too??

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  • Sonar
    Dec 27, 2014 - 8:30PM

    What about Vice Chancellor’s verbal instructions?????????
    With his verbal instructions he will remain innocent and the ants have been probed resposible.

    Recommend

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