Arrest warrants of ex-EOBI head issued

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The Federal Anti-Corruption Court resumed the hearing of EOBI case on Tuesday.
The court once again issued non-bailable warrants of former EOBI chairman Zafar Gondal and Qasim Javed.
The court directed the FIA to produce both the accused on August 16.
The Supreme Court had taken a suo motu notice of the EOBI scandal over reports that the institution had caused a loss of Rs 40 billion to the national exchequer by investing huge amounts in private sector projects without approval of its board of trustees.