Oct 052018
 
Shahbaz Sharif remanded to NAB custody for 10 days in Ashiana housing scam

An accountability court in Lahore on Saturday granted 10-day physical remand of PML-N President Shahbaz Sharif to the National Accountability Bureau (NAB) in the Ashiana Housing Scheme case. Shahbaz — who was taken into custody by the NAB a day earlier — was produced before the accountability court while the watchdog sought his custody. The hearing today was originally scheduled to take place inside the judge’s chamber, but was later moved to an open court following PML-N lawyers’ protest. “I did not do anything illegal,” Shahbaz was quoted as saying during the hearing. “[I] have always worked for the prosperity of this country. “We recovered millions from those who looted [the country] and deposited [the recoveries] in the national treasury,” he added. Shahbaz is accused of ordering the cancellation of a contract given to successful bidder Chaudhry Latif and Sons for the Ashiana Housing Scheme, and engineering the subsequent award of the contract to Lahore Casa Developers, a proxy group of Paragon City Private Limited, resulting in a loss of Rs193 million to the exchequer. In court today, Shahbaz’s counsel Amjad Pervez seemed to justify the former Punjab CM’s cancellation of the said contract. “Chaudhry Latif is an absconder in an anti-corruption case,” Pervez said. “In one case, Chaudhry Latif’s company is blacklisted.” Following the hearing, Shahbaz was sent back to the NAB office — where he had spent the previous night — in an armoured vehicle amid tight security. Later on, in his full order, Judge Syed Najamul Hasan [Read More…]

Sep 282018
 
SC orders transparent NAB inquiry into LNG contracts, PSO affairs

The Supreme Court on Friday while hearing a case regarding an increase in oil and gas prices ordered the National Accountability Bureau (NAB) to conduct an independent and neutral inquiry into the matter. The court ordered the board of Pakistan State Oil (PSO) to submit a report on LNG contracts within 10 days and explain whether there was transparency in the agreements with Qatar. The court also ordered a report to be submitted on whether postings within PSO were made on the basis of merit or not. The court maintained that ‘favoured’ persons were posted in PSO and received hefty salaries while the country was looted of its wealth. The CJP enquired why the MD of PSO had received such a high salary and asked, “Was he Aristotle?” The top judge said that the former managing director (MD) of PSO received a salary of Rs2.1 million to which Justice Ijaz ul Ahsan added that he wasn’t the only one at PSO who was receiving a high salary. He said that the general manager (GM) of PSO received Rs1.4m, the GM for HR received Rs1.3m and the GM for Fuel received Rs1.3m. Justice Nisar said that all of them should be summoned to court and that details of expensive cars owned by PSO should also be provided. The SC expressed displeasure at the hiring of a private lawyer for the former MD of PSO. The CJP asked the lawyer how much his salary was to which the lawyer responded that he [Read More…]

Sep 222018
 
Avenfield reference: NAB examines legal aspects of IHC verdict tomorrow

ISLAMABAD: The National Accountability Bureau (NAB) will hold its important meeting on Monday to review and examine the legal aspects of the verdict of the Islamabad High Court decision of suspension… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Click for detailed story

Jan 092018
 
National Accountability Bureau’s campaign on “SAY NO TO CORRUPTION” remained successful

Islamabad, January 09, 2018 (PPI-OT):Honourable Justice Mr. Javed Iqbal has said that NAB’s Awareness and Prevention campaign on” SAY NO TO CORRUPTION” remained very successful in 2017 which will continue in 2018 in order to aware people about the ill effects of corruption beside Zero Tolerance Policy of NAB against Corruption. The Chairman NAB said that NAB is mandated to carry out Awareness and Prevention functions against corruption in pursuance of Section 33C of National Accountability Ordinance (NAO). Under NAB’s Awareness and Prevention effective campaign across the country, NAB has been engaging different Governmental, Non-Governmental Organizations, media, Civil Society and other segments of society in order to aware people about the ill effects of corruption. He said as per the positive feedback received from various segments of society, NAB’s Awareness campaign on “SAY NO TO CORRUPTION” had been effectively highlighted in print, electronic and social media throughout the country which has appreciated by all segments of society. He said that the present management of NAB has taken various measures including effective Awareness and Prevention Campaign to aware people about the ill effects of corruption. The detail is as under:- a. Due to NAB’s efforts, on all ATM machines of all scheduled Banks carry NAB’s message “Say No to Corruption” across the country in order to aware people about the ill effects of corruption. b. NAB and Higher Education Commission (HEC) have signed Memorandum of Understanding (MoU) for creating awareness amongst the students of various Universities and Colleges. Due to this [Read More…]

Jan 032018
 
Speculators about NRO must see Nawaz appeared in NAB court: Marriyum

ISLAMABAD: Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb, while talking to the media outside NAB court here Wednesday, said that those… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Click for detailed story

Jan 032018
 
Bias in awarding contracts: NAB to launch probe against Capt Safdar

ISLAMABAD: The National Accountability Bureau (NAB) sprang into action against Captain (R) Muhammad Safdar, son-in-law of former prime minister Muhammad Nawaz Sharif for alleged biased awarding of… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Click for detailed story

Dec 122017
 
Payment of Rs32.45b to IPPs: Senate panel asks Power Div to sort our issue or face NAB probe

ISLAMABAD: The Senate Standing Committee on Finance Tuesday directed the Power Division to sort out the issue of Rs32.45 billion paid to the IPPs under idle/unutilized capacity with the Auditor… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Click for detailed story