ISLAMABAD: The Executive Board (EB) of National Accountability Bureau (NAB) was held at NAB Headquarters. The board decided to authorize three (3) Investigations. First Investigation was authorized against Sheladia Associates Pakistan and officials of Sheladia Associates Pakistan and others in construction of 22 km Barang Road in FATA. In this case, the accused persons were alleged for over payment and obtaining kickbacks/commission from contractors. Thus caused a loss of Rs. 89.959 million to the national exchequer. Second Investigation was authorized against officials of GDA and others. In this case, the accused persons were alleged for misuse of authority regarding illegal allotment of plots. Thus caused a loss of Rs. 45 million to the national exchequer. Third investigation was authorized against M/s Pakcom (Insta Phone) and others. In this case, the accused persons were alleged for willful default in payment of outstanding dues to Pakistan Telecommunication Authority (PTA). Thus caused a loss of Rs. 21.624 billion to the national exchequer. The Executive Board (EB) decided to authorize eleven (11) inquiries. First inquiry was authorized against Managing Committee of Ministry of Interior Employees Cooperative Housing Society, Raja Ali Akbar and others. In this case, the accused persons were alleged for less land supplied by Raja Ali Akbar than the payments made by Managing Committee of Ministry of Interior Employees Cooperative Housing Society. Thus caused a loss of Rs. 144 million to the national exchequer. Second inquiry was authorized against Dr. Mujahid Kamran, Vice Chancellor (VC), University of the Punjab. In this case, the accused person is alleged for misuse of authority and cheating public at large. Thus caused a huge loss to the national exchequer. Third inquiry was authorized against officers/officials of MEPCO and others. In this case, the accused persons were alleged for misuse of authority. Thus caused a loss of Rs. 50 million to the national exchequer. Fourth inquiry was authorized against Abdul Ghaffar Memon S/o Abdul Sattar Memon, Government Contractor. In this case, the accused person is alleged for Suspicious Transaction Report (STR) referred by State Bank of Pakistan under 31-D of NAO. Fifth inquiry was authorized against Chairman/-Director M/s Aeroluba Pvt Ltd and others. In this case, the accused persons were alleged for misuse of authority and misappropriation of JP-1 supplies by the management of Aerolube Pvt Ltd by supplying the prohibited JP-1 to open market instead of aviation. Thus caused a loss of Rs. 2370 million to the national exchequer. Published in Daily Times, August 16th 2017.