The extraordinary decision was taken during an executive board meeting of the NAB at its headquarters, with Chairman Javed Iqbal in the chair. Over the course of the meeting, the NAB board approved the enquiry against HBL’s head office and its New York branch over involvement in money laundering. The bank was recently fined $225 million for involvement in money laundering by the US authorities, as well. The meeting approved an enquiry to probe the reported corruption of billions of rupees in the aviation sector. Moreover, the anti-graft bureau approved an enquiry against Sukkur Irrigation Department Chief Engineer Irshad Ahmed Memon for inflicting financial losses to the national exchequer.

Source: Pakistan Today December 14, 2017 19:41 UTC