NAB submits details of 29 more scandals to SC

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The National Accountability Bureau (NAB) on Tuesday submitted detailed reports of at least 29 more scandals of illegal occupation of land worth Rs 480 billion and abuse of power.

According to the report submitted to the apex court, the National Logistic Cell (NLC) officials, including Lt Gen (r) Khalid and Lt Gen (r) Muhammad Afzal, made an unverified investment of Rs 4 billion in the stock exchange. It further says that corruption of Rs 300 billion was done by the Karachi Municipal Corporation in allotment of land measuring 350 acres, adding that former land secretary Aftab Memon was involved in the case.

The report also says that Bank of Punjab former director Khurram Iftikhar caused a loss of Rs 6 billion to the national treasure by abusing his power while former managing director Pakistan Electric Power Company (PEPCO) Tahir Basharat Cheema caused a loss of Rs 13 billion by misusing his office. A corruption of Rs 4 billion in sale of PEPCO shares was also noted in the report. Those allegedly responsible include Asif Javed and Tariq Iqbal.

The report also named Director General (DG) Sindh Building Control Authority Manzoor Qadir of involvement in corruption worth Rs 50 billion. The officials of Ministry of Special Steps committed corruption of Rs 7 billion in safe drinking water projects, the report adds.

The report submitted in the Supreme Court also says that the Arab company is not paying $800 million despite agreement with the Pakistan Telecommunication Limited (PTCL). The NAB said that those 800 million dollars are other than the amount of Rs 480 billion.