NICL scam: FIA shifts former chairman to Lahore

FIA shifts former chairman of NICL from Karachi to Lahore for interrogation.

Express December 11, 2010

The Federal Investigation Agency (FIA) on Saturday shifted former chairman of National Insurance Company Limited (NICL) Ayaz Khan Niazi, who is accused of embezzling billions of rupees, from Karachi to Lahore for interrogation.

Sources informed FIA Lahore Deputy Director Basharat and Assistant Director Shahzad shifted Niazi to the FIA Regional Headquarters, from where he will be produced in the relevant court tomorrow or on Monday for a hearing.

Earlier, the Supreme Court (SC) had ordered the FIA to move the accused to Lahore.

FIA has already recovered more than Rs1 billion from Niazi's accomplice Mohsin Habib Waraich.

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