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Tag Archives: NAB

NAB & FIA must recover billions of rupees evaded by Maersk Pakistan: Sultan Mehmood Malik

MULTAN: National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) must recover alleged billions of rupees evaded by M/s Maersk Pakistan (Pvt) Ltd in wake of sales tax. Said Sales Tax Fraud amount of Denmark’s shipping company Maersk and its subsidiary in Pakistan may be utilized in the sponsorship of blasphemous caricature contest. Importers and exporters should boycott the company to stop ... Read More »

Maersk sales tax mega scam: Appeal to SC to take legal action for recovery of looted amount

KARACHI: Pakistan’s biggest ever fraud of sales tax is unearthed where Maersk shipping line has evaded billions of rupees sales tax in terms of services provided to its local clients whereby the Centre for Investigative Journalism (CIJ) appealed to the Supreme Court of Pakistan to intervene and investigate connivance of Maersk and Sindh Revenue Board in the alleged mega scandal. ... Read More »

Pakistan’s biggest ever Sales Tax fraud: NAB, FIA asked to probe Maersk, SRB connivance

KARACHI: Pakistan’s biggest ever fraud of sales tax is unearthed where Maersk shipping line has evaded billions of rupees sales tax in terms of services provided to its local clients whereby businessmen of Pakistan have appealed to NAB and FIA to intervene and investigate connivance of Maersk and Sindh Revenue Board in the alleged mega scandal. According to details, Maersk ... Read More »

FIA starts legal procedure against Maersk Line in Rs 15b demurrage & detention scam

KARACHI: The Federal Investigation Agency (FIA) has taken notice against terminal operators and shipping companies in Rs 15 billion mega demurrage and detention scam and started legal action against the accused in this regard. FIA Corporate Crime Circle Karachi has started legal procedure by issuing a letter No FIA/CCCK/VRF-52/2018/5486-87 in this case. Another complaint received by the FIA demanded legal ... Read More »

Maersk, QICT causing panic, unrest among South Punjab importers: Khawaja Muhammad Usman

MULTAN: Business community of South Punjab has slammed exorbitant charges imposed by shipping lines Maersk in terms of demurrage on importers and asked the government to take special measures for protection of importers and the economy. Illegal demurrage charges charged by M/s Maersk shipping line and Qasim International Container Terminal (QICT) are causing severe unrest in the business community of South Punjab. ... Read More »

NAB, FIA asked to probe lappoos set up by Abdul Rauf, Sohail Shams, Haleem Siddiqui in detention mega scandal

KARACHI: A mega scam of Rs 15 billion is unearthed where customs staff in connivance with shipping companies, their agents and terminal operator including Evergreen Line, Greenpak Shipping, United Marine Agencies, KMTC and PICT purposely delay the clearances of imported goods. Sources said Customs staff made a strong nexus with Deputy MD of Greenpak Abdul Rauf, CEO of United Marine ... Read More »

Customs officials Dost, Noor Akbar, Chatha, Basra, Bilal take illegal protection of ‘illiterate’ person

ISLAMABAD: Various customs officials took illegal protection of an ‘illiterate’ person to save themselves from higher FBR and customs authorities against their corrupt practices. Customs officials including Dost Muhammad, Noor Akbar, Qaisar Nadeem Chatha, Akram Basra and Mohammad Bilal and others give Rs 2000-3000 bribe to this ‘illiterate’ person to write in their favour. Sources said this nexus of customs ... Read More »

Shipping activity at Port Qasim

KARACHI: Following is shipping report of Port Qasim: Sailing of Vessels Ship Name PQA Reg No L.O.A Commodity Manifest Qty. (Import) (Export) Draft Aft (Meters) Draft Far (Meters) ETD Ship Agent Name Berth M.T- GP ASPHALT III 25166 95.50 BITUMEN 2230.000 4.9 4.9 11:30 GATEWAY M/W-II M.T- OOCL WASHINGTON 25190 322.97 CONTAINERS 11.8 11.8 13:00 OOCL PAKISTAN QICT-V M.V- DARANEE ... Read More »

NAB orders probe into PIA air safari scandal

ISLAMABAD: The accountability watchdog has taken notice of the alleged use by a top official of the Civil Aviation Authority (CAA) of a Pakistan International Airline (PIA) plane for air safari of the Nanga Parbat. National Accountability Bureau (NAB) Chairman Javed Iqbal has ordered complaint verification against the CAA Director General Hassan Baig, who reportedly took the PIA’s plane scheduled ... Read More »

NAB gives Imran time to appear after elections in helicopter case

PESHAWAR: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan through his counsel excused to appear in the National Accountability Bureau (NAB) in person for being busy in the election campaign. The NAB had summoned the PTI chief in person over the alleged use of KP government’s helicopter in private capacity. Imran’s counsel, Babar Awan submitted an application to the NAB to give ... Read More »

NAB files case against owner of Al-Abbas Int’l Educational Consultants

ISLAMABAD: The National Accountability Bureau Rawalpindi filed a reference against Nazar Abbas, Al-Abbas international educational consultants and others in the Accountability Court Rawalpindi for cheating public at large. As per details, Australian High Commission, Pakistan had referred a case to NAB Rawalpindi against Al-Abbas International, an Educational Consultancy Firm, Pakistan. According to the complaint, accused Nazar Abbas is owner and ... Read More »

Former PSO GM, others remanded to NAB custody

KARACHI: An accountability court has remanded two accused in NAB custody, allegedly involved in a big scam, damaging national treasury over billions of rupees, till July 24. The National Accountability Bureau produced accused Akhtar Jamil, Qaisar Jameel and Kamran Iftikhar Lari before the accountability court seeking their physical remand for further interrogation. The court, on the request of the NAB ... Read More »

SHC directs NAB to submit details against ex-chairman KPT Javed Hanif

KARACHI: The Sindh High Court (SHC) directed NAB authorities to file complete details regarding NAB reference and investigation on a bail petition filed by suspect namely Muhammad Javed Hanif, former chairman Karachi Port Trust (KPT), who was involved in corruption case and abuse of authority for illegally appointing 940 employees in KPT. On Thursday, a two-member bench heard the matter. ... Read More »

A Thousand Avenfields

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Interior secretary directed to bring back Ishaq Dar immediately

ISLAMABAD: The Supreme Court on Thursday directed the interior secretary to take steps to bring back former finance minister Ishaq Dar to the country on an urgent basis. “Is Dar present today?” Chief Justice of Pakistan (CJP) Mian Saqib Nisar asked the interior secretary as he headed a three-judge bench of the apex court. The bench was hearing a suo ... Read More »

KP NAB summons Imran Khan in helicopter scandal next week

PESHAWAR: The National Accountability Bureau Khyber Pakhtunkhwa has summoned Imran Khan in helicopter scandal case in the coming week. NAB Chairman Justice (R) Javed Iqbal on the appeal of KP NAB approved its call up notice. Imran Khan is accused of illegally using the KP helicopters for 74 hours that caused loss of Rs2,107,181 to the national exchequer. The NAB ... Read More »

NAB begins probe against Aizaz, Fawad over importing 34 BMW cars

LAHORE: NAB has initiated investigation against ex-premier’s former principal secretary Fawad Hasan Fawad and former foreign secretary Aizaz Chaudhry. The sources said former premier Nawaz Sharif’s principal secretary Fawad Hasan Fawad and Aizaz Chaudhry illegally allegedly imported 34 bullet-proof BMW cars from Germany and not a single rupee Custom duty was paid on them. It is alleged Fawad ordered that ... Read More »

CJP, Chairman NAB notice of green channel: customs audit — a fraud within a fraud

KARACHI: Customs Today covered the green channel scam since past many years. The Chief Justice of Pakistan Mian Saqib Nisar took notice of the scam and the court associate sent a letter to the Chairman NAB for necessary action. A customs high official was denying his role in the mega scam saying that it is the issue of software automation ... Read More »

Corrupt elements are still misusing green channel facility: Advocate Zain Jatoe  

KARACHI: Renowned lawyer Zain Jatoe has said it is a fact that green channel was purely introduced for legal importers, but some fraudsters are still misusing this facility. Talking with Customs Today, Jatoe said it is very clear that smuggling is going on through green channel but it cannot happen without the help of customs officials. He said an importer does ... Read More »

National Australia Bank completes $5.5bn capital raising

CANBERRA: National Australia Bank has completed its $5.5 billion capital raising after selling more than 28 million shares overnight on Thursday. The bank on Thursday announced retail investors had only taken up 72 per cent of the shares in its retail entitlement offer, forcing it to conduct a shortfall bookbuild. The shortfall bookbuild, which was carried out after the close ... Read More »