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NAB ratifies reference against management of Services Coop Society

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ISLAMABAD: The National Accountability Bureau (NAB) on Tuesday approved reference against management of Services Cooperative Society E-11 and others.

The accused persons – Abdul Razzaq Memon, M. Ramzan Zia Bhatti, M. Javaid Awan, Shahid Aziz, Khawaja Manzoor Ahmed and others were allegedly involved in corrupt practices and misuse of authority.

The management committee sold/allotted commercial plots in violation of bye-laws of the society which state that commercial plots will be auctioned. During the inquiry, it was revealed that 10 commercial plots were sold out during tenure of former management through corruption and corrupt practices.

In these particular cases, no auction of commercial plots was carried out. In another case, NAB Rawalpindi/Islamabad approved supplementary reference against Raja M.Ishaq (Contractor), Muhammad Sulaiman, and Muhammad Ibrahim of Ministry of Commerce Employees Cooperative Society.

As per details, the accused were involved in embezzlement in development expenditure by making of excess payment illegally through misuse of authority, which was continued by other management committees without verification and even when it came in their knowledge the escalation is excess they continued to make payments to contractor.

NAB Rawalpindi under directions from Chairman NAB, Justice (Retd) Javed Iqbal is committed to eradicating corruption by ensuring accountability for all through effective enforcement and prosecution as well as by raising awareness among general public against ill effects of corruption.

Director General NAB Rawalpindi, Irfan Naeem Mangi said NAB believes in across the board accountability and focuses on cases rather on faces. The money, supposed to be used for development of country, has been laundered abroad through offshore companies, procedural delays, spanning several years in completion of development projects. Thus causes huge loss to national exchequer. – NNI