Former finance minister Ishaq Dar lands into yet another trouble

ISLAMABAD - The National Accountability Bureau (NAB) has decided to summon former finance minister and PLM-N senior leader Ishaq Dar link for recording his statement in the illegal appointment of former president ZTBL Syed Talat Mehmood case, The Nation has learnt reliably.

The documents available with The Nation reveal, “Misuse of authority by the Finanace Minister for illegal appointment of Syed Talat Mehmood in violation of Bank Nationalization Act, 1974 and “Fit & Proper Criteria” of State Bank of Pakistan.” Misuse of Authority by accused Syed Talat Mehmood, President ZTBL including 1228 illegal appointments of officers in ZTBL in various categories from OG III to OG-I and in executive cadre till SEVP made by accused on the basis of favouritism and nepotism. Fifty-eight illegal appointments of officers in Kissan Supports Service (Pvt) Ltd. (a subsidiary of ZTBL) in violation of an MoU between ZTBL & KSSL without any criteria. Extending undue monetary benefits to the employees of ZTBL by issuing illegal notification in lieu of Service Regulation 2005 in violation of Supereme Court of Pakistan orders. Extending undue benefit of “car Loan Depreciation Policy” to the ineligible employees and writing off heavy loans to the influential persons.”

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The documents further pointed out corrupt practices in embezzlement of funds through illegal procurements, misuse of authority by CM Punjab, Secretary Cooperative Punjab and others of illegal appointment of Syed Talat Mehmood in violation the Punjab Provincial Cooperative Bank by laws and “fit & proper criteria” of State Bank of Pakistan.

The NAB Rawalpindi had received a complaint from President Employees Union ZTBL and others on the subject. After complaint verification at the NAB headquarters, inquiry was authorized on 26-06-2019 dated 23-05-2019 on multiple allegations.