Arrest warrant issued for Pakistan ex-minister
Arrest warrants were today issued against Pakistan`s former commerce minister Makhdoom Amin Fahim and six others accused in a multi-billion-rupee insurance scam.
Islamabad: Arrest warrants were today issued against Pakistan`s former commerce minister Makhdoom Amin Fahim and six others accused in a multi-billion-rupee insurance scam.
The warrants were issued by the Federal Anti-Corruption Court over the suspects` failure to appear before court in the National Insurance Company Limited (NICL) corruption case.
Fahim, who recently kicked off his election campaign by addressing a public meeting in Bhanote, faces disqualification if convicted in the case.
Accused Habibullah Warraich, Akram Warraich and Mohsin Habib Warraich allegedly owe Rs 420 million collectively to the NICL.
Rather than paying in cash, they provided 10 cheques to the NICL worth Rs 42 million each. One of these cheques bounced.
Following this Mohsin Warraich had fled to London, but he has decided to return to appear before the court.
The Supreme Court had remarked that the footprints of the financial irregularities that had been unearthed in hearings of the scandal could be traced back to the bank accounts of Fahim, Express News reported.
The court has directed the Federal Investigation Agency (FIA) to present all six suspects April 12.
A three-judge Supreme Court bench headed by Chief justice Iftikhar Muhammad Chaudhry is also hearing the NICL case.