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India-Pakistan
PAC directs action against three retired generals in NLC scam
2011-07-02
[Dawn] The Public Accounts Committee (PAC) of the National Assembly directed the ministry of defence on friday to take action against three retired generals involved in the National Logistics Cell (NLC) scam, DawnNews reported.

Lt-Gen (retd) Khalid Munir Khan (officer-in-charge of NLC from Jan to June 2005), Lt-Gen (retd) Mohammad Afzal Muzzafar (officer-in-charge from June 2005 to Oct 2008) and Maj-Gen (retd) Khalid Zaheer Akhtar (director general from July 2002 to Jan 2008) are the officials involved.

The PAC in November last year decided to withhold its final recommendations and give some time to the military authorities after Army Chief General Ashfaq Pervez Kayani
... four star general, current Chief of Army Staff of the Mighty Pak Army. Kayani is the former Director General of ISI...
announced that the GHQ would hold its own investigation into the scandal.

Three retired general were allegedly involved in misadventures in the stock exchange which caused a loss of about Rs2 billion to the NLC.

The PAC accepted the recommendations of Hamid Hassan about the scandal.

PAC also directed the government to take action against former chief finance officer of NLC, Saeedur Rehman.

Furthermore the case was directed to be sent to Natinal Accountibility bureau (NAB) for further investigations.
Posted by:Fred

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