Tag Archives: Nicl

NICL scam – FIA not allowed to search AKD’s house?

NICL scam – FIA not allowed to search AKD’s house?

KARACHI – The high-ups of the authorities concerned are continuously interfering in the Federal Investigation Agency (FIA) probing the National Insurance Corporation Limited (NICL) scam as some bitter facts have come to light. Recently, the FIA joint interrogation team was not permitted to search the house of an important personality of the business community as he is an in-law of Amin Qasim Dada, the main culprit of NICL scam.
“The FIA wanted a search warrant for the house of

RS 5bn NICL scam – 2 fake accounts of Rs 320m detected, SC told

ISLAMABAD – The Federal Investigation Agency (FIA) informed the Supreme Court on Tuesday that it had detected fake accounts opened by Muhammad Maalik, manager of Moonis Elahi’s Al-Tahoor Company.
A four-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali, Justice Ghulam Rabbani and Justice Khalilur Rehman was hearing a suo motu case against alleged corruption of over Rs 5 billion in the National Insurance Company (NICL) affairs. FIA

NICL scam – PPP to avoid being part of any controversy with SC

KARACHI – The Pakistan People’s Party (PPP) government has decided to avoid becoming a part of any controversy with the Supreme Court (SC) over the National Insurance Company Limited (NICL) scam after a Federal Investigation Agency investigation linked a federal minister and officials of the Commerce Ministry to the case.
Sources told Pakistan Today that the government has given the green signal to the FIA officials to arrest FIA DG Waseem Ahmed and other influential

Amin Faheem also involved in NICL scam?

KARACHI – Clues have been found that link not only some officials of the Federal Commerce Ministry, but its minister to the National Insurance Company Limited (NICL) scam as well.
Sources in the Federal Investigation Agency (FIA) told Pakistan Today they have found clues suggesting that some bureaucrats and the minister, Amin Fahim might be involved in the high-profile case in which it was alleged that the NICL management had committed misappropriation of up to Rs 5.36 billion in

‘Chaudhrys panicking as NICL scam investigation continues’

LAHORE – As the National Insurance Company Limited (NICL) land purchase scam investigation is moving ahead in the Supreme Court, the Chaudhry brothers are panicking and their fright at surfacing of solid evidences against their blue-eyed political successor of involvement in fraud of billions of rupees is natural, a Pakistan Muslim League-Nawaz (PML-N) spokesman said on Friday.
The spokesman advised the Chaudhrys to refrain from levelling allegations against the PML-N and worry

‘Maalik never implicated any politician in NICL scam’

LAHORE – At-Tahur Co Manager Muhammad Maalik has not implicated any politician in the National Insurance Company Limited (NICL) land purchase scam, Pakistan Muslim League-Quaid (PML-Q) Information Secretary Kamil Ali Agha said on Friday. Revealing Maalik’s court statement, he said that a slander campaign has been initiated against PML-Q Member of the Provincial Assembly (MPA) Chaudhry Moonis Elahi for implicating him in the NICL scam.
Agha said that it has been reported that

LHC adjourns NICL scam accused bail hearing

LAHORE – Justice Mazahar Ali Akbar Naqvi of the Lahore High Court on Wednesday adjourned for February 2 hearing of bail petitions of six accused of National Insurance Corporation Limited (NICL) scam including Major (retired) Habibullah Warraich.
The judge adjourned the hearing on the request from counsel for federal investigation agency (FIA) which sought time for submitting reply in the matter. On previous hearing the court had issued notice to FIA on bail petitions as it was

FIA DG in the soup for protecting NICL suspect

ISLAMABAD – The Supreme Court on Tuesday ordered an investigation against Federal Investigation Agency (FIA) Director General Waseem Ahmed for being allegedly involved in providing protection to Amin Qasim Dada, the main accused in the National Insurance Company Limited (NICL) scam.
A four-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday, was hearing a suo motu case against alleged

‘Moonis Elahi bagged Rs 220m of NICL money’

ISLAMABAD – The Supreme Court was informed on Monday that an accused who embezzled Rs 5 billion in the National Insurance Company Limited (NICL) scam had told investigators that he had given Rs 220 million to Moonis Elahi, son of former Punjab chief minister Pervez Elahi, from the plundered money.
A three-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali and Justice Khalilur Rehman Ramday was hearing a suo motu case against alleged corruption of

Senate body directs FIA to assess actual price of NICL properties

ISLAMABAD – The Senate Standing Committee on Commerce on Friday directed the Federal Investigation Agency (FIA) to advertise the sales of land illegally purchased by the NICL in order to assess their actual value.
Chairing the committee’s meeting, Senator Ilyas Ahmed Bilour rejected the value assessment of properties by FIA, saying the evaluation conducted by the agency appeared to be an attempt to give a clean chit to the suspects.
DG FIA Waseem Ahmed admitted they too were

‘FIA to recover NICL scam money by 31st’

LAHORE: The Federal Investigation Agency (FIA) Punjab will recover the total embezzled money in the National Insurance Company Limited (NICL) scam until December 31, FIA Punjab Director Zafar Ahmed Qureshi said on Tuesday in a press conference at his office.
Qureshi told journalists that FIA Punjab had summoned wife and two daughters of former defence state minister Major (r) Habibullah Warraich to appear before inquiry officers in order to record their statements but Warriach

FIA summons TI’s Pakistan head in NICL case

LAHORE: The Federal Investigation Agency (FIA) Punjab on Monday summoned head of Pakistani chapter of Transparency International Adil Gilani to appear on December 23 to record his statement in National Insurance Company Limited (NICL) case.
FIA sources said that FIA investigators will include Adil Gilani in investigations after the disclosures by arrested nominated accused in NICL including former chairman NICL Ayyaz Khan Niazi.
Sources said Adil Gilani is being summoned as

Former NICL chairman shifted to Lahore

LAHORE: Former National Insurance Company Limited (NICL) chairman Ayaz Khan Niazi was shifted to Lahore from Karachi on Saturday. Niazi was under the Federal Investigation Agency (FIA), Lahore’s custody and would soon be presented in court.
According to details, FIA had already recovered Rs 1 billion from NICL scam accused Mohsin Habib Warraich and the Supreme Court had ordered shifting Niazi to Lahore.
A three-member SC bench was hearing the case against the former NICL

‘FIA will bring main accused in NICL scam back to country by Dec 9’

LAHORE: The Federal Investigation Agency (FIA) will bring former minister of state for defense Habibullah Warraich’s son Mohsin Warraich – the main nominated accused in the National Insurance Corporation Limited (NICL) Scam – to Pakistan before December 9, FIA Punjab Director Zafar Qureshi claimed on Tuesday.
He made these comments while addressing a press conference at his office about the arrest of proclaimed offender Mazhar Iqbal Butter, considered to be the top-most

FIA refuses bargain with NICL chariman prior to arrest

LAHORE: Federal Investigation Agency (FIA) officials have refused any bargain with Chairman National Insurance Company Limited (NICL) Ayyaz Khan Niaz prior to his arrest, Pakistan Today learnt on Monday.
Well placed FIA sources told Pakistan Today that lawyer of Ayyaz Khan Niazi has contacted the lawyer of FIA and offered them a settlement. Sources said that the lawyer of Ayyaz Khan Niazi requested FIA officials through their lawyer to stop raiding at different residences of

SC upset with FIA for not arresting NICL chairman

ISLAMABAD: The Supreme Court on Tuesday directed the Federal Investigation Agency (FIA) director general to arrest the main culprits in the National Insurance Company Limited (NICL) scam, including NICL Chairman Ayaz Khan and Mohsin Warriach.
A three-member bench of the apex court headed by Chief Justice Iftikhar Muhammad Chaudhry, was conducting suo motu hearing on a case regarding the alleged violation of rules by the NICL chairman in the procurement of land, which caused huge

Nine Accused of involvement in NICL scam put on exit control list

LAHORE:
Three member committee of Federal Investigation Agency (FIA) placed nine people including the former State Minister of Defense Habib Ullah Warraich, his son and former Chairman NICL Ayyaz Khan Nayyazi on the Exit Control List (ECL) on Thursday.
FIA Director Punjab has constituted a three member committee, comprising of FIA Additional Director Anti Corruption Circle Waseem Khan Sial, FIA Deputy Director Corporate Crimes Circle Syed Muhammad Javed Shah and FIA

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