Pakistan

NICL scam: Wife, daughters of Warraich agree to return Rs100m

Wife and daughters of Warraich agree to give back Rs100 million, Transparency Int chief also summoned.

Express December 21, 2010

LAHORE: The wife and daughters of Major (retd) Habibullah Warraich, main accused in the National Insurance Corporation Limited (NICL) case, agreed to return Rs100 million to Federal Investigation Agency (FIA) authorities on Tuesday.

Speaking to the media, FIA Punjab director Zaffar Qureshi said that the wife and daughters of Warraich had been summoned today (Tuesday), but they had contacted FIA and requested exemption from the inquiry and agreed to hand over the money. Qureshi said their statements will be recorded before an exemption is given.

Director FIA also said Warraich, who had escaped to London, would also be brought back soon.

The wife and two daughters of Habibullah are also beneficiaries in the land purchase scam in which Mohsin and Privilege Farms Pvt Ltd Company received Rs2.75 billion from the National Insurance Company Limited in account of two land sale agreements. According to investigations, about a million rupees from the Rs2.75 billion had been transferred into the accounts of the three women of the Warraich family.

Transparency chief summoned

The FIA has issued a notice to include Transparency International (TI) Pakistan chairman in the NICL scandal. TI chairman, Syed Adil Gilani has been summoned on December 23 at the FIA center in Lahore.

The former NICL chairman Ayyaz Khan Niazi in his confessional statement to the FIA claimed that the TI had quietly offered to get him a clean chit from the Supreme Court of Pakistan, which was hearing a case against the insurance company if he were to sign a Memorandum of Understanding (MoU) that future business contracts of NICL will go to only those private parties, which would be cleared and recommended by the TI. Three members of NICL board are also said to have fully substantiated the statement of Niazi that absconding board member, Qasim Amin Dada, himself had brought the secret offer in question from Transparency International.

Earlier, the FIA had sent sent Gilani a set of 22 questions to answer, after he refused to travel to Lahore to join the inquiry.

COMMENTS (13)

Usman Altaf | 13 years ago | Reply Will Warraich be investigated further, even if he's returning money?

IqbalGhazi | 13 years ago | Reply Why have they not taken action against each and every NICL director, as well? Especially the ones that are in hiding abroad, like the director of Audit Javed Syed who is beleived to be on a lavish spending spree in London with all the money he has made from corruption during his career as a civil servant. I think some of the directors are using their political connections to get off the hook. Bring them back to Pakistan to face justice and have their entire accounts / assets scrutinised - let them rot in jail for all their crimes committed on the poor people of Pakistan. Shame on these thieves!!!

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Muhammed+Hussain | 13 years ago | Reply Again more attempts to obscruct the course of justice, all their assets should be seized and jail time given to all involved all the directors should be fired and not be allowed to work in any public owned company most have other jobs in various public owned organisations. Bring back all the absconders and they should be made an example of.

Analyser | 13 years ago | Reply SC should just seek the details of Swiss bank accounts of these parasites, as the Swiss government has recently passed legislation to allow such disclosure. Once SC has the details, all the money should be recovered, and these parasites should be kicked out of the country for life.

True+Pakistani | 13 years ago | Reply will we ever see some big fish being punished for his crimes?

Syed | 13 years ago | Reply @Asad In the Dasti case SC has started the same and now agencies are following suit!

Asad | 13 years ago | Reply Well, the whole system is corrupt, On one hand, supreme court is trying its utmost to bring healthy change in the economic arena but on the other hand, all the agencies have made a block to disgrace the verdicts of Supreme Court. I would only say, the whole establishment must be wiped out.May Allah bless this country...Aameenn

sunny | 13 years ago | Reply Well. the culprits offered to payback Rs100m provided they are exempted from inquiry. Those who looted national money should be punished accordingly irrespective of their status.

Syed | 13 years ago | Reply same was done with Dasti and he came back to NA !

Raju | 13 years ago | Reply Well well well !!! Weather India Or Pak They are on same page as far as corruption is concerned Ask them where did they keep such huge amount of public money Only way out hang the corrupt .

Syed | 13 years ago | Reply Same was done with Dasti too !!

Adeel Ahmed | 13 years ago | Reply At least something is being done... Major Saab should be brought back and punished.

Syed+Nadir+El-Edroos | 13 years ago | Reply Since when is returning money enough to absolve oneself from investigation? So is this the precedence we are setting? Return stolen money and get out of jail free card? What of retired Major saab? Shall he not be disciplined from tarnishing the name of the Army?

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