The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) was held under the chairmanship of Qamar Zaman Chaudhry at the NAB Headquarters.
The following decisions were taken during the meeting. The meeting decided to file two corruption references. First corruption reference was decided to be filed against Riaz Qadeer Butt, CEO M/s Haq Bahu Sugar Mills (Pvt) Ltd and others. The accused have failed to supply the requisite quantity of sugar to Trading Corporation of Pakistan (TCP) and Utility Stores Corporation of Pakistan and misappropriated the advance amount thus caused loss of millions of rupees to the national exchequer.
Second corruption reference was decided to be filed against Shehnaz Ikram, Director M/S SB Hosiery Factory PVT Ltd Faisalabad and others. In this case, the accused were charged for an engineered fraud by the directors of M/S SB Hosiery Factory PVT Ltd Faisalabad in connivance with the bank officials through fake/forged documents, causing Rs 195.217 millions loss to the national exchequer.
The EBM authorized two (2) Investigations. First investigation was authorized against officers/officials of Pakistan State Oil (PSO) and others. In this case, the accused were alleged for corrupt practices in procurement, shipping and distribution of below quality of petroleum products.
Second investigation was authorized against Muhammad Tahir Ismail, Proprietor of Tahir Traders, Rahim Yar Khan. In this case, the accused was alleged for cheating/defrauding public by establishing an illegal brokerage house.
The meeting approved plea bargain requests of Ahsanullah Chattha, CEO of M/S United Engineers and Contractors (Pvt) Ltd, Lahore of Rs 29.850 million and Zaheer Alam Sheikh of Rs 2.495 million respectively in a case against officers/officials of NTC and M/s United Contractors (Pvt) Ltd.
