Pak Affairs

PM sends Chairman National Insurance Company Limited on long leave

ISLAMABAD: Prime Minister Yousuf Raza Gilani Thursday sent Chairman National Insurance Company Limited (NICL) Ayaz Khan Niazi on long leave, after FIA registered case against him on charges of fraud on the directives of Supreme Court of Pakistan.

The Supreme Court on Tuesday directed the commerce secretary to lodge a criminal complaint against the National Insurance Company Limited (NICL) chairman for allegedly procuring land on highly enhanced rates and causing a huge financial loss to the national exchequer. The court directed the FIA DG to register a criminal case and ensure whosoever had misappropriated the public money be brought to book.-SANA

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Mubashar Nizam

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