NAB to file corruption reference against Asif Hashmi

Islamabad

The Executive Board (EB) of National Accountability Bureau (NAB) has decided to file corruption reference against Syed Asif Akhtar Hashmi, Ex-Chairman Evacuee Trust Property Board (ETPB) and others. The Executive Board meeting of National Accountability Bureau (NAB) was held under the chairmanship of Qamar Zaman Chaudhry, Chairman NAB here on Wednesday. The following decisions were taken during the Executive Board (EB) meeting:
In case against Asif Hashmi, the accused persons were alleged for illegal investment with Highlink Capital (Pvt) Limited, causing a loss of Rs 1.3 billion to the national exchequer. The Executive Board decided to authorize four (4) Investigations. The First investigation was authorized against Director/Guarantors of M/s Umair Steel Industries (Pvt) Ltd, Lahore and others. In this case, the accused persons were alleged for willful loan default referred by State Bank of Pakistan (SBP) under section 31-D of NAO-1999 thus causing a loss of Rs 52.290 million to the national exchequer.
Second Investigation was authorized against management of M/s Power Pack Company and others. In this case, the accused persons were alleged for willful loan default referred by state Bank of Pakistan (SBP) under section 31-D of NAO-1999. They caused a loss of Rs 164.826 million to the national exchequer. Third Investigation was authorized against Abdul Rauf Khoso, MPA (PS-18) and others. In this case, the accused persons were alleged for misuse of authority and assets beyond known sources of income and misappropriation of government land in connivance with officers/officials of Revenue Department, District Kashmore at Kandhkot. They caused a loss of Rs 550 million to the national exchequer.—APP

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