Updated on
Summary Supreme Court has directed to launch an inquiry against all the accused including Amin Fahim.
Hearing the suo motu case of the National Insurance Company Limited (NICL) scam, the Supreme Court ordered that legal proceedings be carried out against Federal Trade Minister Makhdoom Amin Fahim and others involved in the case.During the hearing, chief justice remarked that court through its legal proceedings is recovering millions of looted money yet some people are criticizing such actions.Federal Investigation Agency (FIA) director Moazzam Jah told that so far an amount of more than Rs. 2.2 billion have been recovered while 409 million rupees have also been recovered in another case. He said 41 million rupees were transferred to Amin Fahim’s account that was jointly shared by his wife and son.He added that the amount was obtained after selling out a plot under NICL.However, the money was later returned.During the hearing, appointment file of Ayyaz Khan Niazi as NICL chairman was also presented before the court.The trade secretary explained that prime minister approved Ayyaz Khan among the other candidates for the post of chairmanship that were mentioned in a summary earlier forwarded by trade ministry to PM Gilani.The chief justice said that trade ministry approved an illegal summary andordered that a report should be submitted to the court which entails the details of transactions made under the scam and also why an illegal summary, signed by Fahim, was forwarded to Prime Minister Yousaf Raza Gilani for approval.Chief justice said trade minister appointed Ayyaz Niazi despite him being ineligible for the post of chairmanship on which trade secretary replied that government can appoint anyone as chairman as it holds maximum shares in the company.Justice Jawad S. Khawaja questioned that how can the government appoint a person who is not eligible?The bench ordered to launch an inquiry against the National Insurance Company Limited (NICL) fraudsters from today.The case has been adjourned till June 07.
