NAB forms joint investigation team on sugar subsidy scandal
The decision was taken in a session chaired by NAB chairman Justice (r) Javed Iqbal on Friday for reviewing the report of sugar commission.
According to NAB spokesperson, the team will comprise of two investigation officers, economic experts and legal consultants. The anti-corruption watchdog decided to include experts of sugar industry and additional director in the team which will be headed by NAB Director-General Rawalpindi chapter Irfan Naeem Mangi.
The NAB headquarters will review the progress report of the joint investigation team on monthly basis. The team has been tasked to collect records of subsidy on sugar from all provinces besides acquiring reports of financial and audit of the concerned companies through the Securities Exchange Commission of Pakistan (SECP).
During the meeting, NAB chairman Javed Iqbal said that the institution will initiate an indiscriminate, and transparent investigation in the sugar subsidy scandal where concerned officials and departments will be given full chance to clarify their positions.
He vowed that NAB will take action in accordance with the law against those illegally received sugar subsidy.