NAB approves corruption references against NTDC, IESCO and PU officials

NAB approves corruption references against NTDC, IESCO and PU officials

Islamabad (Staff Report/Agencies): The National Accountability Bureau (NAB) has given approval to file three corruption references against officials of Punjab of the University, NTDC and IESCO.


The approval to file the references was given in a meeting of the Executive Board of anti-corruption watchdog chaired by of Justice (retd) Javed Iqbal.

The Board accorded approval to file a corruption reference against Chief Executive Officer NTDC Tariq Qazi and others for allegedly misusing their powers to illegally invest 200 million rupees in Trust Investment Bank which caused a loss of 165.86 million rupees to national exchequer.

The administrative body of the Bureau also gave authorization to six investigations and eight inquiries. It also approved closing some inquiries for lack of evidence.

The meeting accorded approval to file a reference against former Vice Chancellor Punjab University Dr. Mujahid Kamran for recruiting 454 people against rules and regulations and awarding scholarships to blue eyed persons.

The anti-graft body also approved another reference against former Chief Executive Officer IESCO Javed Parvez for misusing authority to illegally invest 120 million rupees in Trust Investment Bank and causing the loss of same to national treasury.