BoP Scam – NAB rejects Sheikh Afzal’s Rs. 3bn Plea-Bargain deal

BoP Scam – NAB rejects Sheikh Afzal’s Rs. 3bn Plea-Bargain deal

Islamabad: The National Accountability Bureau today rejected the plea bargain deal of around Rs. 3 billion proposed by Sheikh Muhammad Afzal over his involvement in the Bank of Punjab scam.

According to the official statement released by the NAB Chairman Admiral (retd) Fasih Bokhari, “NAB has decided to determine the bargain amount again because the principal amount borrowed by them from the bank was around Rs 8 billion.”

Afzal, the owner of Haris Steel Mills, is being prosecuted for the BoP multi-billion scam case. The Supreme Court of Pakistan has also taken notice of the case.

Meanwhile, it was learnt through NAB officials that Justice (retd) Malik Qayyum voluntarily agreed to return Rs 98 million to the aggrieved parties in the Qasre Zauq property grab case.

Qayyum was an illegal beneficiary in this case, who obtained money in shape of 63 plots depriving other claimants of their shares, NAB officials added. The case was expedited on the directions of the SC.

According to the official statement, NAB board also approved voluntary returns of Rs70 million submitted by World Automobiles as per the rules for misappropriation of public funds in supplying automobiles.

Short URL: https://www.newspakistan.pk/?p=16871

Posted by Fayyaz Yaseen on Mar 22 2012. Filed under Pakistan. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry