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NLC Scam: Pakistan Army sentences two retired generals, a civilian officer

RAWALPINDI: As a result of re-investigation of the NLC scandal upon orders by the army chief, two retired generals and a civilian officer were held accountable on Wednesday for illegal investment in the stock market and causing losses to the NLC, ARY News reported.

According to the ISPR – military’s public relations wing – Major General (R) Khalid Zaheer Akhter was ‘dismissed from service and stripped of all his awards, ranks and medals’ in the wake of re-investigation of the National Logistic Cell (NLC) scam case. His pension was stopped and all service facilities were withdrawn.

In the light of re-investigation, Lt Gen (R) Afzal Muzaffar was awarded “Severe Displeasure (Recordable)” for violation of procedures, but no personal gains.

The ISPR statement said Lt Gen (R) Khalid Munir Khan was not found guilty of any financial irregularity and so acquitted of all charges.

Along with the two retired generals, a civilian officer Saeed ur Rahman was also found guilty of making incorrect decisions for investment worth Rs 4.3 billion in violation to the NLC rules and regulations, and hence causing losses to the organization [NLC] amounting to Rs 1.8 billion.

The ISPR statement said that Pakistan Army will continue the process of accountability and justice.

In February 2009, the Public Accounts Committee had observed irregularities pertaining to the investment made by the NLC in the stock market, following which the Pakistan Army constituted a court of inquiry in 2010.

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