DG FIA BACKING CORRUPT NATIONAL BANK TOP EXECUTIVES BY NOT REGISTERING FIR AGAINST THEM
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DG FIA BACKING CORRUPT NATIONAL BANK TOP EXECUTIVES BY NOT REGISTERING FIR AGAINST THEM

Karāchi : Pakistan | May 24, 2011 at 1:16 AM PDT
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Reporter - An Interview with NBP President - EP66 - Part 6

CORRUPT PRACTICES BY NBP TOP EXECUTIVES WHICH HAVE ALREADY BEEN PROBED INTO BY FIA …………..

………. NO ACTION BEING TAKEN

…………..WHO WILL TAKE ACTION AGAINST FIA OFFICIALS AND THOSE BLOCKING THE WAY OF REGISTRATION OF FIR AGAINST S. ALI RAZA AND HIS ACCOMPLACES

SUPREME COURT HAS RIGHTLY ORDERED TO TAKE ACTION AGAINST FIA OFFICIALS SHIELDING THE CORRUPT GOVERNMENT OFFICIALS, WHY THE LAW IS NOT COMING INTO ACTION AGAINST CORRUPT TOP OFFICIALS OF NATIONAL BANK OF PAKISTAN INCLUDING MR. S. ALI RAZA

The National Bank of Pakistan is the leading and esteemed institution of Pakistan. The era of Mr. S. Ali Raza as President National Bank of Pakistan was an era of loot and plunder. It seems that there prevails no law in the country and the corrupt tola has been allowed to play its nefarious role and eat up public funds and depositors money. Despite orders to register an FIR against top NBP Executives including the gang leader Mr. Ali Raza, the FIR is not being registered. Reportedly the chief of interior ministry is backing these corrupt officials and is fully creating hinderance in legal action against them.

The documents on record coming to light during the Enquiry No. 38/2009 with FIA Commercial Banking Circle (CBC) show and prove that the crime of embezzlement of public funds which was initially in millions have increased to billions of rupees. The modus operandi of corruption covers embezzlement and eating up of billions of rupees in the shape of cash awards, doing havoc with NBP Employees Provident Fund and sale of Parado cars, with a cost of millions of rupees to the Bank, to the top executives on nominal cost, which have been sold by these corrupt officials on big prices, thus making money in millions of rupees by these top executives.

It is ironical that millions of rupees have been withdrawn by S. Ali Raza and other corrupt top executives of NBP from NBP Employees Welfare Fund, the rules for utilization of which are yet to be framed and which is required to be managed by a Board of trustees. In this way S. Ali Raza and his accomplices have committed a criminal breach of trust.

The reports say that the Enquiry was initiated by FIA in January 2011. As per findings of enquiry report 14 high ups of NBP have been found guilty. The legal comments in this regards are on record.

The final reports are that the registration of FIR has been recommended but the ministry

of interior is creating hinderance in this way while the office of the Director FIA Sindh, Karachi has granted permission for registration of an FIR vide letter dated 12-02-2011.

While finalizing the enquiry report the enquiry officer has obtained scores of documents supporting the allegations of corruption against the top officials of NBP. The glaring fact to be pointed out is that Mr. S. Ali Raza, former President National Bank of Pakistan has connived with other top executives from years 2003 to 2008 millions of rupees have been obtained by S. Ali Raza and others in the name of performance award. Besides getting the unlawful payments of performance awards, he is involved in other loot and plunder

On account of unlawful perks and benefits, which yet are to be approved. So far as the scheme of performance award is concerned, it was introduced by former Finance Minister Dr. Mahboobul Haq under which a Board of Trustees was to be formed which has never been framed. The scheme was never approved but Mr. S. Ali Raza and others:

Masood Karim Sheikh, Mr. Amir Siddiqui, Mr. Shahid Anwar Khan, Mr. Abrar Baig, Mr. Asif A. Brohi, Mr. Nusrat Vohra, Mr. Zia ullah Khan, Mr. Tajammal A, Bokhari, Mr. Nadeem A. Ilyas, Mr. Amir Sattar, including the President and the members of Board of Directors have joined hands in the massive corruption.

The country loving persons and those having stake in National Bank of Pakistan are disturbed by this state of affairs and they demand that Mr. S. Ali Raza and his corrupt tola should be booked under law, arrested and awarded with punishment which the corrupt persons deserve.

Many questions are erupting in the minds of the people: What the law enforcing agencies including FIA had been doing, the delay in taking in action has resulted a corruption of 600 million initially, has now resulted into billions of rupees due to the delay in action? What the Ministry of Finance and the Minister himself been doing? What the State Bank of Pakistan been doing as a regulatory authority ? What was the role of the auditors and he Audit Department of the Bank ?

It is demanded that Mr. Iftikhar Muhammad Ch., the Chief Justice Supreme Court of Pakistan should take a suo moto action in the matter and should take action against those who are creating hurdles in lodging of FIR against Mr. S. Ali Raza and his accomplices.

My sources reveal that in order to stop the action against, the corrupt top executives of National Bank of Pakistan have started obliging the FIA high officials through appointment of their children in National Bank of Pakistan, the name of one of the appointees is in the Officers Grade II cadre Ms. Mehtab Zafar, the daughter of Mr Zafar ullah, ex DG FIA. Another example is of Mr. Khaliq uz zaman who has retired from FIA in 18th scale and inducted in National Bank of Pakistan in scale No. 20. These appointments have been made despite ban on appointments. This needs another

investigation. The Prados are being provided with thousand liters of petrol. The cash in

lakhs of rupees is also being paid to these persons. Other facilities including the stay in Bank’s rest houses is also being bestowed upon them.

These facilities are also being provided to judicial officials in the lower and higher courts including the Supreme Court of Pakistan. The purpose is delaying the corruption cases against the NBP high officials, the details will be given in next story.

UMAR SALEEM

INCHARGE FINANCIAL CRIMES

ROYAL NEWS, ISLAMABAD

usfleaks@gmail.com

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Pakistan's central bank chief Salim Raza
Pakistan's central bank chief Salim Raza
umarsaleem is based in Islamabad, Federal Capital Area, Pakistan, and is a Stringer on Allvoices.
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