NAB starts another inquiry against ex-president NBP

Author: News Desk

The National Accountability Bureau (NAB) has launched another inquiry against the former president of the National Bank of Pakistan (NBP) Saeed Ahmed.

A joint investigation team of the anti-corruption watchdog sought records from the secretary board of directors of NBP. An investigation is already underway against Saeed Ahmed over illegal appointments and promotions.

Ahmed had allegedly appointed blue-eyed persons in the bank over the advice of influential persons in 2017, whereas, NAB investigators also sought details of promotions awarded to OG-III officers to SEVP position and approval notes of NBP board of directors, said sources.

The details of the legal process for making appointments and promotions in the National Bank were also sought by the investigators. The anti-corruption watchdog questioned the NBP management for providing records regarding advertisements for appointments and regulations for finalising salaries of the employees.

It is pertinent to mention here that the former NBP president Saeed Ahmed is facing charges of benefiting political personalities and misuse of power.

Share
Leave a Comment

Recent Posts

  • Top Stories

Senior executives at Mercuria to face investigation by Pakistan’s FIA

Mercuria, a global commodities trading firm headquartered in Geneva, finds its senior executives under scrutiny…

11 hours ago
  • Business

PSX extends bullish trend with gain of 862 points

Pakistan Stock Exchange (PSX) remained bullish for the second session in a row on Monday,…

11 hours ago
  • Business

PKR depreciates by 3 paisas to 278.24 vs USD

The rupee remained on the back foot against the US dollar in the interbank market…

11 hours ago
  • Business

SECP approves PIA’s scheme of arrangement

The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between Pakistan…

11 hours ago
  • Business

Gold snaps losing streak

Gold price in the country snapped a six-session losing streak and increased by Rs2,500 per…

11 hours ago
  • Business

Rs 83.6 billion loaned to young entrepreneurs: Rana Mashhood

Chairman of the Prime Minister Youth’s Programme(PMYP) Rana Mashhood has underscored the success of the…

11 hours ago