ISLAMABAD, August 15: The National Accountability Bureau (NAB), Rawalpindi has recovered Rs 8,143,900 from former Pakistan Agriculture Research Council (PARC) employee Muzaffar Nishat on the account of corrupt practices.
PARC Chairman Dr Yusuf Zafar, received a cheque of Rs. 8,143,900/- in favor of PARC from Rawalpindi NAB Director General (DG) Irfan Naeem Mangi.
Former PARC scientific officer/assistant director Muzaffar Nishat – son of Nishat Ahmed Khan – was accused of corruption, as defined under the provisions of National Accountability Ordinance (NAO) 1999.
In case of inquiry against government functionaries and others regarding corruption and misuse of authority reference against “State vs. Dr Anwar, along with others, the accused Muzaffar Nishat was deliberately avoiding appearing before the court, therefore, was declared a proclaimed offender.
A red notice was issued against the accused. Upon a report by NCB-Interpol, the accused Muzaffar Nishat was arrested on his arrival at Benazir Bhutto International Airport, Islamabad in January, 2018 by the NAB investigation team, under the supervision of Rawalpindi NAB Assistant Director Adil Shahzad.
Nishat, being a member of the purchase committee, violated rules by recommending advance payments to dealers. The payments were made without any guarantee which was approved by the then PARC Chairman (accused Anwar Khan).
Subsequently, the vehicles were purchased and about Rs 9.7 million have been misappropriated in shape of inflated rates and fraudulent transfer from PARC’s account to Alpha Motors and Wings Motors.
Nishat misused his authority and was involved in corruption, which caused huge losses to national exchequer by making payments to fake firm. NAB recovered Rs. 8.1 million and handed over to PARC Chairman Dr Yusuf Zafar.-PR
