LWMC and assets beyond means inquiries: NAB to quiz Shehbaz Sharif at his residence
Last updated on: 07 October,2019 01:29 pm
Sharif has been informed and a questionnaire has been prepared by the bureau for investigation.
LAHORE (Dunya News) – A combined investigation team (CIT) of the National Accountability Bureau (NAB) Lahore on October 8 will interrogate Pakistan Muslim League-Nawaz (PML-N) President and Opposition Leader in the National Assembly (NA) Shahbaz Sharif at his residence in the Lahore Waste Management Company (LWMC) scam and income beyond means investigation.
According to sources familiar with the matter, Sharif has been informed by the accountability watchdog and a questionnaire for him has already been prepared for further interrogation in the corruption cases against him. Sharif had been skipping NAB hearings on poor health grounds.
The questionnaire contains several questions about the LWMC, including why he had approved a summary for constitution of the waste management company against the recommendations of finance and law ministries?
“Why it was necessary to form a new company while Solid Waste Management’s PMU was actively performing same functions?”
“Whether feasibility study was performed about the company, including its sustainability and low-cost expenditures and research on its profits?”
“Had he followed all the legal requirements for the creation of a new company?”
“Why had he decided to constitute the company? Why IS Tech Company had been given contract without completing the auction process and legal formalities?”
“Who had authorised outsourcing the contract to the IS Tech Company for $320 million?”
“Why was it decided to lend massive amounts and financial assistance to the company without a comprehensive plan?” “Why LWMC’s plan to repay its debt and generate capital was rejected?”
The accountability watchdog further noted that these illegal actions caused a loss of billions of rupees to the provincial exchequer.
The bureau has further identified trail of suspicious transactions into the bank accounts of Sharif, and has sought him to produce sources of those amounts transacted.