NICL scam: Mohsin Warraich agrees to return remaining money

Warraich says will return money by December 31, says family is innocent.

Mohsin Warraich, one of the main accused in the National Insurance Corporation Limited (NICL) case, on Thursday agreed to return the remaining amount to Federal Investigation Authorities (FIA) authorities before December 31.

Earlier, the mother and sisters of Mohsin had agreed to hand over Rs100 million and requested that they be exempted from the inquiry.

Mohsin, who had contacted FIA from London, told the authorities that his family was innocent and had nothing to do with the case.

The family is also a beneficiary 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.