Updated on
Summary Those proven guilty of wrong doings will be brought to justice, ISPR said.
ISPR while issuing a press release on National Logistics Cell (NLC) scam, reported that on receipt of MoD’s letter at GHQ, COAS has decided to proceed under Pakistan Army Act (PAA).Three former officials including Lt Gen (r) Afzal Muzaffar, Lt Gen (r) Khalid Munir and Maj Gen (r) Khalid Zahir Akhtar were allegedly involved in misadventures in the stock exchange which caused a loss of about Rs 4 billion to the NCL.ISPR said that full legal rights were afforded to the defendants including the right to counsel. The process required expert scrutiny of records spread over years, held not only by NLC but also a number of other Government departments.Many a documents produced also required forensic analysis for authenticity. Moreover, the case necessitated not one but recording of four Summaries of Evidence which have now been completed and are under consideration of the competent authority.Basing on the credibility of the evidence accrued through these Summaries of Evidence, the COAS will decide on the next legal step.It is categorically stated that the case will be conducted strictly in accordance with due process of law and those proven guilty of wrong doings will be brought to justice, ISPR said.It was further clarified that, to improve its functionality, NLC was guided to apply four important corrections in its functioning i.e. restrict to core business as mandated by the Government, exercise better financial and management control, seek due / formal approval of all decisions from NLB without exception and seek necessary professional advice.As a result, NLC under direction of NLB and Quarter Master General (QMG) in capacity of OIC NLC, has retired all its debt and bank loans amounting to approximately Rs 9.3 Billion and has posted a net profit of Rs 3 Billion at the close of financial year 2011/12. As of today, NLC is on a positive trajectory, involved in important projects all over the Country.
