NICL case: Red warrants likely to be issued for Moonis Elahi

Pakistan

NICL case: Red warrants likely to be issued for Moonis Elahi

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27 January,2011 12:12 pm

Moonis Elahi, son of former Punjab chief minister Pervaiz Elahi, has not appeared before Federal Investigation Agency (FIA) despite the summons issued to him vis-a-vis the National Insurance Corporation Limited (NICL) scam. The name of Moonis Elahi was enlisted on the Exit Control List (ECL) on the directives of the apex court on Tuesday, but he had already left for Dubai on Jan 20. Additional Director General of FIA Zafar Ahmed Qureshi said that the Agency had summoned Moonis as the reply he submitted in response to its questionnaire was unsatisfactory, adding that: If Moonis Elahi does not appear before the investigation team the agency will get his red warrants issued.The FIA Lahore has registered two cases in the scam and arrested 12 people, including former NICL chairman Ayaz Khan Niazi and former minister Habibullah Warraich, under sections 409, 420, 468, 471, 109 of the Pakistan Penal Code and Section 5 of the Prevention of Corruption Act, 1947.Three other main accused Mohsin Habib Warraich, Amin Qasim Dada and Javed Syed are still at large. The FIA has got issued red warrants for Mohsin Habib and has requested British authorities for his extradition.According to the FIR, Warraichs company, Messrs Privilege, purchased a plot measuring 803 kanals from the NICL at Mauza Toor, Lahore, for Rs1.68 billion in February last year.It transpired that the corporation had sold the land without getting the land mutated in its favour. This is a serious breach of financial discipline and a major irregularity, it says.In the other case, the NICL sold land measuring 20 kanals on Lahore Airport Road to Mohsin Warraich for Rs1.7 billion. It sold the land at a rate of Rs53 million per kanal, though its market value was much higher.