SC directs FIA to arrest accused, recover looted money in EOBI scam

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The Supreme Court on Friday directed the Federal Investigation Agency (FIA) to arrest the accused in the Employees Old Age Benefit Institute (EOBI) billion rupees scam and recover the looted money.

A three-member SC bench, headed by Chief Justice Iftikhar Muhammad Chaudhry, resumed hearing into the EOBI corruption scandal.

During the course of the proceedings, FIA Director Legal Azam Khan informed the court that the FIA had submitted the report about the officials involved in the mega corruption scam.

He said the FIA initially began inquiry against eight officials, including former EOBI chairman Zaffar Gondal and also issued their arrest warrants to probe into the matter.

Khan said investigations were underway only in the limits of Karachi. To which, the chief justice said the actual responsibility in this regard lay with the Defence Housing Authority (DHA) Rawalpindi.

The chief justice also directed the FIA to apprise it about the recovered amount.

Khan said investigation was underway and the looted money would be recovered after it the completed.

The SC directed him to continue investigation and recover the amount from the accused.

Further proceedings were adjourned until July 17.