Bilal_Mushi
Minister (2k+ posts)
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Yet another Govt. corruption scandal : Amin Fahim took Rs. 24.4 million from NICL money.
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Bilal_Mushi
Minister (2k+ posts)
Re: Yet another govt. corruption scandal : Amin Fahim corruption is exposed
Shame on us the people of Pakistan............ when are we going to wake-up?
Shame on us the people of Pakistan............ when are we going to wake-up?
alibaba222
Minister (2k+ posts)
Re: Yet another govt. corruption scandal : Amin Fahim corruption is exposed
jab koche nahee bachye ga pher ham hosah may aye gey
jab koche nahee bachye ga pher ham hosah may aye gey
Bilal_Mushi
Minister (2k+ posts)
Re: Yet another govt. corruption scandal : Amin Fahim corruption is exposed
Ab bachaa kiya hay.............. hamaray bachay karzay wapus kar kar kay thuck jayeegay.
Ab bachaa kiya hay.............. hamaray bachay karzay wapus kar kar kay thuck jayeegay.
Bilal_Mushi
Minister (2k+ posts)
Re: Yet another govt. corruption scandal : Amin Fahim corruption is exposed
Its not only PPP............ All power hungray politicians are to be blamed.
Its not only PPP............ All power hungray politicians are to be blamed.
Narcissist
Banned
Re: Yet another govt. corruption scandal : Amin Fahim corruption is exposed
I always respect Kamran Khan, for his Bold reporting and competent team. Expose these bitches and monsters. Hats off again. It is Pakistani Media's hallmark achievement to bring forward the many core issues in short time.
I always respect Kamran Khan, for his Bold reporting and competent team. Expose these bitches and monsters. Hats off again. It is Pakistani Media's hallmark achievement to bring forward the many core issues in short time.
canadian
Chief Minister (5k+ posts)
NICL case: FIA traces kickbacks to Amin Fahim !!!
NICL case: FIA traces kickbacks to Amin Fahim
By Shahbaz Rana
Published: May 19, 2011
Federal minister accused of receiving more than Rs20 million in the NICL scam. PHOTO: FILE
ISLAMABAD: In a major development in the National Insurance Company Limited (NICL) multi-billion rupee corruption saga, the Federal Investigation Agency (FIA) has traced the trail of kickbacks in settling loans to federal commerce minister Makhdoom Amin Fahim.
Deputy Director FIA, Karachi, Altaf Hussain told the National Assembly Standing Committee on Commerce that in the ten acre Korangi Land deal struck at Rs 900 million, the FIA has unearthed Rs 300 million kickbacks. The NICL purchased land from Khalid Anwar above market rates and NESPAK has worked out that Rs 487.4 million were paid over and above rates out of which Rs 300 million were given as kickbacks, he added.
He said the proceeds were traced to 19 accounts, one of them jointly owned by Makhdoom Ameen Fahim and Jaliluzaman. He said an amount of Rs 24.44 million was transferred to the joint account for settling an outstanding loan.
The FIA has touched Makhdoom Ameen Faheem and asked him to explain how the money was transferred to his account, said Altaf Hussain, adding, He has sought time to reply.
Hussain said Khalid Anwar struck the deal through Khawaja Akbar who was the front man of Ayaz Niazi.
The NICL purchased five properties from September 2009 through February 2010 at a price of Rs five billion.
Transparency International Pakistan blew the whistle in May 2010 and wrote a letter to the Supreme Court resulting in the arrest of NICL Chairman Ayaz Niazi followed by arrest of other Board members, front men and alleged beneficiaries, including Moonis Elahi.
Our investigation shows that out of Rs five billion there was an embezzlement of Rs 2.42 billion, said the FIA official.
Hussain said Khalid Anwar, the seller of the property, through his lawyer has offered to return Rs 490 million in installments in five years with interest. He said the FIA has not made any objections over the but that it was up to the court to on whether it accepted the offer or not.(http://tribune.com.pk/story/171912/fia-to-question-amin-fahim-in-nicl-scam-case/?print=true)
NICL case: FIA traces kickbacks to Amin Fahim
By Shahbaz Rana
Published: May 19, 2011
Federal minister accused of receiving more than Rs20 million in the NICL scam. PHOTO: FILE
ISLAMABAD: In a major development in the National Insurance Company Limited (NICL) multi-billion rupee corruption saga, the Federal Investigation Agency (FIA) has traced the trail of kickbacks in settling loans to federal commerce minister Makhdoom Amin Fahim.
Deputy Director FIA, Karachi, Altaf Hussain told the National Assembly Standing Committee on Commerce that in the ten acre Korangi Land deal struck at Rs 900 million, the FIA has unearthed Rs 300 million kickbacks. The NICL purchased land from Khalid Anwar above market rates and NESPAK has worked out that Rs 487.4 million were paid over and above rates out of which Rs 300 million were given as kickbacks, he added.
He said the proceeds were traced to 19 accounts, one of them jointly owned by Makhdoom Ameen Fahim and Jaliluzaman. He said an amount of Rs 24.44 million was transferred to the joint account for settling an outstanding loan.
The FIA has touched Makhdoom Ameen Faheem and asked him to explain how the money was transferred to his account, said Altaf Hussain, adding, He has sought time to reply.
Hussain said Khalid Anwar struck the deal through Khawaja Akbar who was the front man of Ayaz Niazi.
The NICL purchased five properties from September 2009 through February 2010 at a price of Rs five billion.
Transparency International Pakistan blew the whistle in May 2010 and wrote a letter to the Supreme Court resulting in the arrest of NICL Chairman Ayaz Niazi followed by arrest of other Board members, front men and alleged beneficiaries, including Moonis Elahi.
Our investigation shows that out of Rs five billion there was an embezzlement of Rs 2.42 billion, said the FIA official.
Hussain said Khalid Anwar, the seller of the property, through his lawyer has offered to return Rs 490 million in installments in five years with interest. He said the FIA has not made any objections over the but that it was up to the court to on whether it accepted the offer or not.(http://tribune.com.pk/story/171912/fia-to-question-amin-fahim-in-nicl-scam-case/?print=true)
Bilal_Mushi
Minister (2k+ posts)
Re: Yet another govt. corruption scandal : Amin Fahim corruption is exposed
PPP leader Amin Fahim took Rs. 24.4 million from NICL money, reveals FIA
Staff Report
ISLAMABAD: Federal Investigation Agency (FIA) has revealed that Rs. 24.4 million were shifted in the account of Pakistan People’s Party’s (PPP) leader Amin Fahim from NICL money paid against purchase of property in Karachi.
A Deputy Director of the FIA, Altaf Hussain, informed in the meeting of the Parliamentary Standing Committee on Trade, headed by Khuram Dastagir, that the National Insurance Company Limited (NICL) purchased 10 acres of land from a person, Khalid Anwar, in Korangi area of Karachi.
He added that the market price of the purchased 10 acres of land was Rs. 410 million only but Rs. 900 million were paid from account of NICL to Khalid Anwar.
“Later on, Khalid Anwar distributed that money in 19 persons including PPP’s leader and Federal Minister Amin Fahim,” Altaf Hussain added.
“When Amin Fahim was enquired about that money, he requested for few days’ relief to reply,” he added further. SAMAA
PPP leader Amin Fahim took Rs. 24.4 million from NICL money, reveals FIA
ISLAMABAD: Federal Investigation Agency (FIA) has revealed that Rs. 24.4 million were shifted in the account of Pakistan People’s Party’s (PPP) leader Amin Fahim from NICL money paid against purchase of property in Karachi.
A Deputy Director of the FIA, Altaf Hussain, informed in the meeting of the Parliamentary Standing Committee on Trade, headed by Khuram Dastagir, that the National Insurance Company Limited (NICL) purchased 10 acres of land from a person, Khalid Anwar, in Korangi area of Karachi.
He added that the market price of the purchased 10 acres of land was Rs. 410 million only but Rs. 900 million were paid from account of NICL to Khalid Anwar.
“Later on, Khalid Anwar distributed that money in 19 persons including PPP’s leader and Federal Minister Amin Fahim,” Altaf Hussain added.
“When Amin Fahim was enquired about that money, he requested for few days’ relief to reply,” he added further. SAMAA
GeoG
Chief Minister (5k+ posts)
Re: NICL case: FIA traces kickbacks to Amin Fahim !!!
Interesting news is not that Amin Fahim is involved but that the seller of the property Khalid Anwar has offered to pay back 49 cror in 5 years and that too in installments,
Sucker should be hanged upside down in the plot he sold and all the loot will be returned within 5 hours.
Someone must remind him that you are not PM Ghelani's wife that NAB will do a bargain with you and 54 cror will be adjusted against payment of 7 cror. Ghelani Sahib Kuch Tou Ghairat Kahain, Aap Nay 35 Cror Chairman OGCL Ko Appoint Karnay Ka Liya Tha, Ab Kuch Tou Qom Ko Wapis Kar Dain....
Interesting news is not that Amin Fahim is involved but that the seller of the property Khalid Anwar has offered to pay back 49 cror in 5 years and that too in installments,
Sucker should be hanged upside down in the plot he sold and all the loot will be returned within 5 hours.
Someone must remind him that you are not PM Ghelani's wife that NAB will do a bargain with you and 54 cror will be adjusted against payment of 7 cror. Ghelani Sahib Kuch Tou Ghairat Kahain, Aap Nay 35 Cror Chairman OGCL Ko Appoint Karnay Ka Liya Tha, Ab Kuch Tou Qom Ko Wapis Kar Dain....
