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Nawaz Trial: Justice Be Done, But Should Also Be Seen Being Done

“Truth is about perception and what we believe shapes what we perceive” ― Alan B Jones JUN 13, 2018 — The Supreme Court has extended the deadline given to the accountability court of Islamabad for the completion of trial in corruption references against ousted prime minister Nawaz Sharif, his daughter and son-in-law. A two-judge bench, headed by Chief Justice of Pakistan Mian Saqib Nisar, on Sunday while taking up an application moved by judge Mohammad Bashir of the accountability court, granted one-month extension to the trial court. The previous deadlineRead More


Land Mafia Bosses: Will NAB Expand Its Net?

Will NAB now expand its net to also include the powerful individuals who control the racket, or will it confine its actions to the lower tiers only? FOR the land mafia in Sindh, whose tentacles reach all the way up to the highest echelons of power, this is unfamiliar territory — a reckoning of sorts, even though it touches only the tip of the iceberg. According to a statement by NAB on Thursday, the anti-corruption body has had relevant authorities cancel the fraudulent allotment of 10,000 acres of state landRead More


Malaysia Uncovers Surprise $250Bn Debt Hidden Under Najib

New fiscal hurdles raise fears of cash exodus, and further revelations could spur foreign players to flee Malaysia May 24, 2018 (BE2C2) — The Malaysian government under Prime Minister Mahathir Mohamad has revealed that the national debt is far higher than figures published by the previous administration, topping 1 trillion ringgit ($251 billion). The larger debt figure, which was officially 686.8 billion ringgit ($172.4 billion) at the end of 2017, has led to speculation that former Prime Minister Najib Razak’s government altered records to hide the extent of corruption. TheRead More


UK ‘Prime Destination’ For Money Laundering From Pakistan: Report

Last year, the then Finance Minister Ishaq Dar had a figure of US$200Bln as a sum that Pakistani citizens have stashed away in the Swiss bank. An estimated 4 to 5 times this figure is speculated to be held as assets by Pakistanis abroad– both lawfully and through inappropriate means including lacuna in laws enacted from time-to-time since early 90s. May 16, 2018 (DESPARDES/PKONWEB) — The National Crime Agency (NCA) of UK has said the country remains a “prime destination” for money laundering from Russia, Nigeria and Pakistan. In itsRead More


Accountability Court Issues Arrest Warrant Against Ex-Sindh IG In Corruption Case

May 10, 2018 — An accountability court on Thursday issued arrest warrant against former Sindh police chief Ghulam Haider Jamali in a corruption case. Jamali had disappeared on Tuesday after the Sindh High Court canceled his pre-arrest bails and of other police officers accused in the illegal recruitment case. As the trial court began its hearing on Thursday, other accused police officials Tanveer Ahmed, Fida Hussain and others appeared in court. The National Accountability Bureau (NAB), which had filed a reference in the case last year, pleaded before the courtRead More


Chief Justice of Supreme Court Orders ‘Independent Forensic Audit’ of Pakistan Railways

The Pakistan Railways annual earning has increased from Rs18 billion some five years ago to Rs50 billion though the losses also rose from Rs30bn to around Rs35bn annually. (DESPARDES/PKONWEB) — The Chief Justice of Supreme Court of Pakistan has ordered an independent forensic audit of Pakistan Railways during the suo motu hearing in Lahore on Rs60 billion (US$545 million) losses due to alleged corruption and mismanagement in the state-run railways. During the court proceedings, Chief Justice Saqib Nisar queried the Railways Minister Khawaja Saad Rafique on the recurring losses. Mr.Read More


NAB Probes $130 Million 'Corruption' in Karachi-Lahore Motorway Project

Pakistan’s top corruption watchdog the National Accoun­tability Bureau (NAB) has decided to probe into US$130 million (Rs14 billion) losses caused to the national exchequer for allegedly illegally awarding contract for Karachi-Lahore Motorway Section-111-Abdul Hakeem (230 Km) to state-owned China Railway 20 Bureau Group Corporation for US$1.345 billion (PKR148 billion). The board approved the inquiry against National Highway Authority (NHA) management and others for their alleged role in facilitating the illegal award of the contract at a higher project value than the originally lowest bid price. The decision was taken atRead More