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NAB decides to file corruption reference against Ex-chairman of PSM

ISLAMABAD, December 16: The Executive Board Meeting of National Accountability Bureau (NAB) decided to file a corruption reference against Moeen Aftab Sheikh, Ex-Chairman Pakistan Steel Mills (PSM), Karachi.
In this case, the accused person is alleged for loss to the state through misuse of authority. A loss of Rs. 378.196 million was caused to the national exchequer.
The Executive Board Meeting (EBM) of NAB was held under the Chairmanship of Mr. Qamar Zaman Chaudhry at NAB Headquarters and made key decisions.
The Executive Board decided to authorize seven inquiries.
The first inquiry was authorized against Syed Ali Mardan Shah, Ex-Minister for Population Sindh and others. In this case, the accused persons were alleged for misappropriation of public funds of millions of rupees, encroachment and construction of shops on Government Property and accumulation of huge assets through illegal means.
Second inquiry was authorized against Shahid Hussain Jatoi, former Member Admin, Federal Board of Revenue (FBR) and others. In this case, the accused person is alleged for misuse of authority through corruption and corrupt practices, illegal gratification against promotions and appointments and accumulation of assets beyond known sources of income.
The EBM also decided to authorise three investigations against Ali Raza, Ex-President National Bank of Pakistan, Dr. Mirza Abrar Mughal, Ex-Group Chief/SEVP and others, Dr. Nazir Mughal, Ex-Vice Chancellor University of Sindh Jamshoro and Muhammad Nawaz Narejo, Ex-Registrar, University of Sindh Jamshoro and Rasool Bux Phulpoto, Ex-Chief Executive Officer/Managing Director (MD), PHA Foundation, A.S Tariq Sial, Ex-DG (CPM), PHA Foundation, Huhammad Hussain, Ex-Dy Director General (CPM) PHA Foundation, Rana Omer Farooq, Ex-Dy Director (Admn) PHA Foundation and Ms. Amna Malik, ED, M/s Armaan on corruption charges.

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