Tag: Embezzlement

KARACHI - Expressing displeasure over the Population Department secretary's statement that show-cause notices were issued to 13 officers suspected of embezzling Rs 4.587 million from the department funds, the Sindh Assembly's Public Accounts Committee on Tuesday recommended that the provincial government should at least suspend these officers. The financial irregularities were noticed during the audit of Population Department accounts for the year 2007-8.
It was observed that

ISLAMABAD - The inquiry report presented to the monitoring and implementation committee of the Public Accounts Committee (PAC) on Tuesday revealed an embezzlement of Rs 2.92 billion in Pakistan Engineering Council (PECO). The report into the sale of shares of PECO at cheap rates revealed that the shares valued at over Rs 3 billion were sold to certain personalities and groups for Rs 80 million only. The investigation report held former chairman of the National Investment Trust (NIT)

LAHORE - An accountability court on Monday extended the physical remand of Imtinan Saeed Advocate, Omeed Ayyaz Mehmood and Faisal Rasheed till January 24. They were involved in the embezzlement of Rs 140 million obtained from National Bank of Pakistan (NBP) as loan through fake documents.
The accused Omeed Ayyaz Mehmood was the manager of National Bank of Pakistan Lytton Road Branch while Imtinan Saeed was the legal council in the same bank. Imtinan Saeed and Faisal Rasheed made

Anti-corruption department finds sufficient evidence against PHA officials
Audit report discovers financial irregularities amounting to Rs 52 million
LAHORE
The countdown starts as the anti-corruption department has decided to furnish maximum evidences against six high-ranking officials of Pakistan Horticulture Authority (PHA), involved in embezzlement of Rs. 52 million, on the next court hearing on October 20.
The six PHA officials allegedly issued advance payment