Pakistan News

    Nicl Pakistan Corruption Cases

  • Govt urged to end NICL ‘monopoly’

    ISLAMABAD: The Competition Commission of Pakistan (CCP) has asked the government to end the monopoly of the National Insurance Company Limited (NICL) with respect to insurance of public property...

    The commission has pointed out that the Section 166 (3) of the Insurance Ordinance provides that all insurance business relating to any public property or to any risk or liability appertaining to any public property, shall be placed with...

  • PPP's Amin Fahim among 11 indicted in NICL scam case

    KARACHI: An accountability court on Saturday indicted senior Pakistan Peoples Party (PPP) leader Makhdoom Amin Fahim and 10 others in the National Insurance Company Limited (NICL) corruption case...

    According to details, NAB court number 3 indicted the senior PPP leader along with former secretary of the commerce ministry Suleman Ghani and a number of other senior officials of the NICL in the multi-billion-rupee scam case...

  • Amin Fahim, 10 others arraigned in NICL case

    KARACHI: Senior PPP leader and former minister Makhdoom Amin Fahim was arraigned by an accountability court here on Saturday along with 10 other people in the National Insurance Company Limited (NICL) corruption case...

    Those indicted include former federal commerce secretary Suleman Ghani; the NICL’s former chairman Ayaz Khan Niazi and directors Syed Hur Riahi Gardezi, Syed Naveed Hassan Zaidi, Amin Qasim Dada and Mohammad Zahoor;...

  • Former NICL chairman Ayaz Khan Niazi arrested from SC premises

    The Supreme Court on Sunday ordered the National Accountability Bureau (NAB) to ensure the arrest of the former chairman of National Insurance Company Limited (NICL) Ayaz Khan Niazi in a pending corruption case...

    In an effort to clear the backlog of pending SC cases, a two-judge bench — comprising Chief Justice Mian Saqib Nisar and Justice Mushir Alam — took up a 2010 suo motu notice on the NICL corruption scandal taken by the then...

  • NAB files reference against 13 suspects over illegal investment in FDIBL by NICL

    The National Accountability Bureau (NAB) on Friday announced filing a reference against 13 accused over allegations of illegal investment and restructuring of investment by National Insurance Company Ltd (NICL)...

    The NAB reference, a copy of which is available with Dawn, states that the reference is in connection with a board meeting of the NICL in 2009 which had decided to invest in First Dawood Investment Bank Ltd (FDIBL)...

  • Gilani granted pre-arrest bail in 11 corruption cases

    KARACHI: An anti-corruption court granted on Monday interim pre-arrest bail to former prime minister and PPP leader Syed Yousuf Raza Gilani in 11 new cases pertaining to a trade subsidy scam...

    The cases pertain to approval and disbursement of trade subsidies amounting to billions of rupees to fake and illegible companies through fictitious claims and backdated cheques during the tenure of the last PPP government...

  • Ex-SHO held in corruption cases

    SUKKUR: A former station house officer (SHO) was arrested and sent to the C-Section police lock-up in three corruption cases on Monday...

    Ali Murtaza Mahar was arrested by the anti-corruption police in compliance with the non-bailable warrants issued by a special court of anti-corruption...

  • Rehman Malik’s sentence in corruption cases annulled

    RAWALPINDI: An accountability court in Rawalpindi annulled on Wednesday the sentence of former interior minister Senator Rehman Malik in two corruption references...

    The former interior minister faced two corruption references and he was convicted in absentia by an accountability court in 2004 while he was abroad...

  • NA passes bill to protect ‘whistleblowers’ in corruption cases

    ISLAMABAD: The National Assembly on Thursday passed a crucial bill aimed at providing protection to whistleblowers in corruption cases...

    Highlighting salient features of the bill, Law Minister Zahid Hamid said that the bill had been introduced in line with the PML-N’s manifesto which talks about zero tolerance for corruption...

  • Sharjeel Memon willing to face corruption cases against him

    KARACHI: Former Sindh information minister Sharjeel Inam Memon has said that he has returned to Pakistan to face all pending cases against him...

    But when law enforcement agencies launched a crackdown on politicians and bureaucrats on corruption charges, his name was also mentioned in press reports...

  • PTI surprised by PM’s remarks on corruption cases

    ISLAMABAD: The Pakistan Tehreek-i-Insaf (PTI) has criticised Prime Minister Nawaz Sharif for admitting that a large number of corruption cases are pending investigation in the country, saying that his government is unable to complete investigations into these cases...

    In a statement on Sunday, newly-appointed PTI information secretary Shafqat Mehmood expressed his surprise over the prime minister’s remarks, which he said implied that...

  • NAB submits revised list of mega corruption cases before SC

    ISLAMABAD: The National Accountability Bureau (NAB) on Monday submitted before the Supreme Court of Pakistan (SC) a modified report on 150 mega corruption cases, DawnNews reported...

    The list includes cases against high profile figures, including incumbent Prime Minister Nawaz Sharif, Chief Minister Punjab Shahbaz Sharif, former president, ex-premiers, ministers and top bureaucrats...

  • NAB filed 208 corruption cases and recovered Rs18bn last year

    ISLAMABAD: The National Accountability Bureau (NAB) filed a total of 208 corruption references in 2014 and recovered Rs18...

    He said the bureau had changed the investigation system and, instead of one-man investigation by the Investigation Office (IO), corruption cases were now investigated by a Combined Investigation Team (CIT) to end the possibility of a single officer/official influencing the outcome...

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