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An accountability court in Karachi on Saturday indicted senior Pakistan Peoples Party leader Makhdoom Amin Fahim and 10 others in the National Insurance Company Limited (NICL) corruption case.
NAB court number 3 indicted the PPP leader along with former secretary of the commerce ministry Suleman Ghani and other senior officials of the NICL in the multi-billion-rupee scam case.
Former NICL chairman Ayaz Khan Niazi, directors Syed Hur Riahi Gardezi, Syed Naveed Hassan Zaidi, Amin Qasim Dada, Mohammad Zahoor along with two private persons Amir Hussain and Khawaja Akbar Butt were indicted on Saturday.
Amin Fahim and Suleman Ghani were indicted in absentia as the court accepted their counsel Haq Nawaz Halipoto's plea for exemption from appearance on account of the fact that his clients were abroad.
The accused have been indicted for causing huge financial losses to the national exchequer by purchasing a 10 acre plot purchased in Korangi Deh Phihai in August 2009 at the rate of Rs90,000,000 per acre, against maximum market price of Rs20,000,000 per acre.
news@khaleejtimes.com
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