Why is PAC chief sitting on NLC scam report?
[Who is he protecting? Is his brother's name in it? Or other Generals??]
Billions lost in adventure by uniformed men
ISLAMABAD: The Public Accounts Committee was told on Monday that the office of Chairman PAC Chaudhry Nisar Ali Khan was sitting on the inquiry report into the multibillion rupees scam in the National Logistic Cell (NLC) for the last several months.The report contains documentary evidence to confirm involvement of four generals of the Pakistan Army in the biggest scam in the history of the NLC. But, in the absence of Chaudhry Nisar Ali Khan from the PAC meeting for a short period of time, some members wondered why only one copy of this explosive report was given to Chaudhry Nisar.
Three Lieutenant Generals and one Major General, who were named in the report, had served at top positions in the NLC in the past and have since retired from service. The inquiry was held to determine the role of these three generals, who despite orders of the then Prime Minister Shaukat Aziz not to put the NLC money into the volatile stock market, invested billions of rupees in the stock exchange and subsequently lost the taxpayers money.
A large number of powerful brokers of Karachi were given huge money from the NLC funds to make investment in the volatile exchange market and subsequently billions were lost. Even these generals had taken a commercial loan to make investment in these stocks.
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Earlier, during the course of the PAC proceedings it emerged that Secretary Planning Division Ashraf Hayat had deliberately given only one copy of the report to PAC Chairman Chaudhry Nisar Ali Khan for “His Eyes Only”.Ashraf Hayat, who appeared before the PAC, on Monday was asked why the report was not shared with other PAC members. He said the report had already been sent to the office of PAC Chairman Chaudhry Nisar Ali Khan. But this did not satisfy the members as usually 20 copies of any report are sent to the PAC members. But what surprised them most was that the report was never put on the PAC agenda. The PAC members asked the secretary to dispatch the inquiry report to all of them.
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