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NAB to initiates inquiries against six sugar mills

NAB to initiates inquiries against six sugar mills

ISLAMABAD: The National Accountability Bureau (NAB) has decided to authorise inquiries against six sugar mills including two sugar mills of former Prime Minister Nawaz Sharif’s close relatives.

The Executive Board meeting of the anti-graft body was held under the chair of NAB chief Qamar Zaman Chaudhry and it was decided to authorise three investigations and 11 inquiries against government officials and businessmen.

It was decided to authorize six inquiries against M/s Abdullah Sugar Mills (formerly Yousaf Sugar Mills) Lahore, M/s Abdullah Sugar Mills Depalpur/Lahore, M/s TMK Sugar Mills Karachi, M/s Seri Sugar Mills Karachi, M/s Tandianwala Sugar Mills Lahore and M/s Haseeb Waqas Sugar Mills Lahore for their alleged involvement in misappropriation of funds.

The Haseeb Waqas Sugar Mills and Abdullah Sugar Mills were own by relatives of the Sharif family.

They said that large taxpayer unit Lahore of the FBR had registered two FIRs against Haseeb Waqas Sugar Mills and Abdullah Sugar Mills in 2015, which involved the FED evasion of Rs 267 million.

The seventh inquiry was authorised against Managing Committee of Ministry of Interior Employees Cooperative Housing Society including Raja Ali Akbar and others. In this case, the accused caused a loss of Rs 144 million to the national exchequer.  The eighth inquiry was authorised against Dr Mujahid Kamran, Vice Chancellor University of the Punjab. In this case, the accused has been charged with misuse of authority and cheating public at large.