ISLAMABAD - The Executive Board of NAB in its meeting on Wednesday discussed the strategy to retrieve the money from the illegal beneficiaries of the transfer of Qasr-e-Zauk, for its refund to the genuine affectees of M/s Aglam Global Links (Pvt), Ltd on the directions of apex court.

The board meeting was chaired here on Wednesday by Admiral (Retd) Fasih Bokhari. The Chairman directed the NAB, Punjab officials to come up with all facts and figures to brief him by Thursday so as to facilitate decision on merit in this case. The board also approved the extension in re-payment period of outstanding balance by Younas Habib as agreed by the lender Habib Bank.

The Younas Habib group has so far paid almost Rs 2 billion and the schedule for the remaining amount of over Rs 1 billion as consented by HBL will be admitted within the span of three years by sale of mortgaged properties.

The board approved the closure of inquiries against Waliullah Khan, MD Marshal Multimode Limited for non-submission of any evidence by the complainant.

Inquiry against Imdad Ali Avesi, EDO Revenue, Karachi was also approved for closure, as the land allotted was retrieved by the Sindh Government.

And hence no loss accordingly was caused to the public exchequer.

Approval of the closure of Investigation against Shahid Zaman of PIA due to lack of evidence was made.

The voluntary return of the employees of Population Census Organisation in Afghan Census Project was also approved.