Three former Pak army generals guilty in NLC scam
Pak’s Parliamentary PAC has held three former army generals responsible 1.8 billion rupees losses at the National Logistics Cell.
Islamabad: Pakistan’s Parliamentary Public Accounts Committee (PAC) has held three former army generals responsible 1.8 billion losses rupees at the military-run National Logistics Cell (NLC).
Five people in the NLC management including three retired generals and two civil servants have been held responsible for illegally borrowing Rs4.3 billion from commercial banks between 2003 and 2008 and investing the money on the Karachi Stock Exchange, incurring a loss of Rs1.8 billion to NLC, which eventually had to be paid from the national exchequer.
“In the light of three inquiry reports, the PAC finds serious violation of rules, the prime minister’s directives and discipline and holds three generals and a bureaucrat responsible,” the Express Tribune quoted the PAC Chairman Chaudhry Nisar Ali Khan as saying.
The PAC postponed a decision on penalties till receiving the military’s internal inquiry report.
Acting Defence Secretary Air Vice-Marshal Najum told the committee that the military had completed its inquiry, and was reviewing it.
The PAC decision comes after months of wrangling between the PAC and the military, with both setting up independent probe into the incident.
The PAC is required to submit a complete review of government accounts by the end of the fiscal year on June 30.
Though the military had initially asked for a month to complete probe into the scam the issue has dragged for over seven months since the inquiry initiated by Pakistan Army Chief General Ashfaq Parvez Kayani began.
“In March, Gen Kayani shared certain findings of the military’s inquiry which are very much in line with our findings,” Chaudhry Nisar said.
He said military brass had been acting “hyper-sensitive” in recent days, and urged them to get over their sensitivity and take action against corrupt individuals to save the institution. (ANI)