Mandviwalla allegations hindering probe: NAB

The National Accountability Bureau (NAB) has termed the allegations of Senate Deputy Chairman Saleem Mandviwalla an obstacle in the investigation.

NAB has released details of fake accounts case against Mandviwalla.

 A statement issued by the National Accountability Bureau (NAB) said that the allegations of the Deputy Chairman were an impediment and obstruction in the probe which was tantamount to corruption.

According to NAB, ex-MD PIA Ejaz Haroon had illegally allotted 12 plots. Mandviwalla and Ejaz Haroon made a suspicious deal with Abdul Ghani Majeed, receiving Rs140 million from a fake account with Rs80 million going to Ejaz Haroon and Rs60 million to Saleem Mandviwalla.

It added  Saleem Mandviwalla used the account of Mandviwalla Builders to conceal the received money. When NAB started investigating the matter, an attempt was made to show the corruption money as a loan. Saleem Mandviwalla used the money to buy plots in the name of his employee Abdul Qadir Shawani.

NAB said that Saleem Mandviwalla sold the plots and bought shares in the name of another employee with the same amount. He bought 3 million shares of Mangla View for Rs30 million in the name of the employee with his own signature.

It said that Tariq, an employee of Saleem Mandviwalla, who owns millions of shares, is actually a benamidar. Instead of responding to the allegations, Saleem Mandviwalla was hiding behind the business community, NAB said.