SC issues verdict in NICL scam case; orders proceedings against NAB chairman, Makhdoom Amin Faheem

PoliticsSC issues verdict in NICL scam case; orders proceedings against NAB chairman,...

ISLAMABAD: The Supreme Court of Pakistan on Friday issued its verdict on the multi-billion-rupee National Insurance Company Limited (NICL) scam case, and ordered to register a case against National Accountability Bureau (NAB) chairman Qamar Zaman Chaudhry for hindering the investigations of the case.

A three-member bench of the apex court headed by Chief Justice Iftikhar Muhammad Chaudhry issued the ruling which also declared that the appointment of Ayaz Khan Niazi as NICL Chairman was illegal.


The bench said in its ruling that former interior secretary Qamar Zaman Chaudhry and federal tax ombudsman Abdul Rauf Chaudhry had tried to obstruct the decision.

The apex court also directed the concerned authorities to initiate proceedings against former commerce minister Makhdoom Amin Faheem and former commerce secretary Salman Ghani.

Moreover, the ruling also said that proceedings be started against former establishment secretary Ismail Qureshi, former cabinet secretary Nargis Sethi, a former director of NICL Amin Qasim Dada, an accused in the case Mohsin Habib Warraich and former Director-General Federal Investigation Agency (FIA) Malik Muhammad Iqbal.

The court also ordered that the money in question be recovered as quickly as possible.

Must read

Recent News

High-profile UK delegation explores collaborative opportunities at NUST

ISLAMABAD, Pakistan: Marking a significant milestone in bilateral higher education relations between the UK and Pakistan, a high-powered British delegation is currently on an...

Ministry recommends import of 0.200 million metric ton of Urea fertilizer

ISLAMABAD, Pakistan: The Ministry of Industries and Production has recommended import of 0.200 million metric ton of Urea fertilizer to stabilize prices and supply...

PM Shahbaz for joint efforts to end malaria

ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has called upon all partners, organizations, healthcare professionals, and individuals to unite in their efforts to end malaria.In...

AUD to INR: Australian Dollar to Indian Rupee Today – 25 April 2024

The Australian Dollar (AUD) was trading at 54.29 as per the Indian Rupee (INR) on Thursday.Currently, Indians are now the second-largest migrant group in...

USD to PKR: USD Dollar Rate in Pakistan Today – 25 April 2024

The US Dollar (USD) was being bought and sold at Rs 277.6 and Rs 280.35 in the Open Market against the Pakistani Rupee (PKR)...