Tag: Nicl

The Supreme Court was informed on Wednesday that the people involved in National Insurance Company Limited (NICL) scam had deposited all the money they...

The Supreme Court on Wednesday directed the Federal Investigation Agency (FIA) to submit its investigation report unearthing an additional corruption of Rs 18 billion...

The National Assembly’s Standing Committee on Commerce was informed by the Federal Investigation Agency (FIA) on Thursday that during investigations into the NICL scam...

The Supreme Court on Wednesday rejected a plea by Pakistan Muslim League-Quaid (PML-Q) President Chaudhry Shujaat Hussain seeking the separation of Moonis Elahi’s case...

ISLAMABAD/lAHORE - In what may be termed a pre-alliance sweetener to lure the Pakistan Muslim League-Quaid (PML-Q) leadership into a half-cooked power-sharing deal, the Pakistan People's Party (PPP) government removed Federal Investigation Agency (FIA) Additional Director General Zafar Ahmed Qureshi from heading the team investigating the National Insurance Company Limited (NICL) scam, a case in which the PML-Q's Moonis Elahi is a suspect currently in FIA custody.
Ever since

LAHORE - Investigation into the National Insurance Corporation Limited (NICL) scam took a new turn when the newly-appointed Federal Investigation Agency (FIA) Director General Malik Iqbal appointed another investigator to the same case and reduced the scope of investigations handled by Additional Director General (ADG) Zafar Qureshi, the investigator already appointed to the case.
Well-placed sources in the FIA told Pakistan Today that Iqbal had taken the step on special orders

KARACHI - The Federal Investigation Agency (FIA) on Saturday revealed that it had decided to send a team to the UK to arrest Amin Qasim Dada, the main accused in the National Insurance Corporation Ltd scam.
The announcement was made at a press conference in Karachi by FIA Sindh Director Moazzam Jah. "The decision to this effect was made after FIA issued a Red Warrant for Dada," Jah said, referring to the international arrest warrant which a country's government lodges with

LAHORE - A special judge banking offence (central) on Monday adjourned the hearing of the NICL scam against Moonis Elahi until April 19. Earlier, the court provided the accused with copies of the challan that was submitted on orders of the judge. As per details, FIA produced Moonis in the court seeking adjournment for preparing the challan against the accused. The defence lawyer argued that FIA was deliberately delaying the proceedings to mentally torture the accused.
He further

LAHORE - The Federal Investigation Agency has summoned its former director general Waseem Ahmed for questioning in the National Insurance Company Limited (NICL) financial scam, a private TV channel reported on Sunday.
Waseem Ahmed resigned from his office some days ago after the Supreme Court ordered the government to remove him allegedly for 'changing the direction' of high-profile cases, including last year's Haj scam and the NICL case. In his resignation letter to Prime

KARACHI - The Federal Anti-Corruption Court issued a show-cause notice on Friday to the superintendent of the Karachi Central Jail for failing to bring former National Insurance Company Limited (NICL) chairman Ayaz Khan Niazi, who has been accused for financial scam, to the court.
The prison official was ordered to submit an explanation for failing to comply with the court's order, whereas the jail superintendent was also issued directives for ensuring that the main accused,

ISLAMABAD - The Federal Investigation Agency (FIA) informed the Supreme Court on Monday that an amount of Rs1.68 billion has been recovered and challan against the accused forwarded to the court of competent jurisdiction. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Tassaduq Hussain Jillani and Justice Sarmad Jalal Osmany was hearing a suo motu case against violation of public procurement Rules, 2004 by National Insurance Company Ltd (NICL) in the

LAHORE - The Lahore High Court (LHC) on Friday dismissed former National Insurance Company Limited (NICL) chairman Ayaz Khan Niazi's bail petition in the NICL land purchase scam. Niazi, through his counsel, submitted that he had no role in the NICL scam but the Federal Investigation Agency (FIA) dragged him into the case. A FIA official informed the court that Niazi was involved in the 803-kanal scam and the allegation has been proved during the investigation. After hearing arguments,

LAHORE - The Lahore High Court on Thursday granted interim bail to PML-Q leader Moonis Elahi in the National Insurance Corporation Limited (NICL) case till March 17 against a surety bond of Rs 10 million and two personal sureties of the same amount.
However, the court expressed annoyance over Moonis Elahi's statements which were made against the courts. The bench headed by Chief Justice Ijaz Ahmad Chaudhry and comprising Justice Ijaz ul Ahsan granted bail on a plea moved by

LAHORE - Former state minister Habib Ullah Warraich has contradicted a news item published in Pakistan Today regarding the court's proceedings in National Insurance Company Limited (NICL) scam where he has been accused of committing corruption of billions rupees by the Federal Investigation Agency (FIA).
A written clarification by his counsel Malik Noor Muhammad Awan stated that Habib Ullah Warraich had never purchased any government land and also never sold any property to the

LAHORE - Moonis Elahi, son of former Punjab Chief Minister Chaudhry Pervaiz Elahi, visited the Federal Investigation Agency's office in Lahore on Friday to record his statements in the National Insurance Company Limited scam.
However, the FIA officials refused to record Moonis' statement and asked him to appear before the six-member investigation team tomorrow (Saturday) after 3pm as FIA Additional Director General Zafar Qureshi, heading the investigation team, was not in

LAHORE - Additional District and Session Judge on Friday adjourned hearing of an application filed by Moonis Elahi challenging the impugned orders passed by judicial magistrate Irfan Basra regarding proclamation of the arrest of the absconder accused applicant till February 19.
Earlier, FIA authorities sought time to submit the reply of said application stating that the relevant record is in FIA's Islamabad office. The application filed by Moonis Elahi through his counsel

KARACHI - The Federal Investigation Agency (FIA) has requested the American and British consulates to help arresting the absconders of the National Insurance Corporation Limited (NICL) scam, FIA Sindh Director Moazzam Jah said at a press conference held at the FIA camp office in Karachi.
"We have contacted the consulates and provided them with copies of the culprits' red warrants. We shall bring the absconders back and try them in a Pakistani court," Jah said. The FIA is making