Probe body yet to submit BoP scam report to SC

ISLAMABAD - A high-level investigation team constituted on the order of Supreme Court has not submitted report, spanning nearly 500 pages backed by some 2,500 documents, on Bank of Punjab (BoP) Rs 9 billion scandal yet. The sources told The Nation that Additional Inspector General (AIG) of Police Punjab Aftab Sultan, head of the team, had to submit the report in first week of January, 2011, but failed to do so far. After the NAB consistently failed to honestly and diligently investigate the huge loan scandal and the Supreme Court expressed its total lack of confidence in the process, the government assigned the job to Aftab Sultan with consent of the court in mid-2010. The Supreme Court, which is the driving force behind this investigation, had earlier asked for the appointment of senior police officer Tariq Khosa as head of the inquiry team after showing no trust in the NAB and also because of alleged figuring of the Federal Law Minister in the fraud case. The government refused to spare Khosa and later presented a panel of three police officers to the apex court to pick up one of them. Aftab Sultan, who enjoys excellent reputation, was made in-charge of the team. Since June 18 last year the case has not been fixed for hearing. This case is highly significant in many ways as some influential political personalities, particularly the incumbent Law Minister Babar Awan, are reportedly involved in this scam. The Bank of Punjab granted massive loans to the Harris Steel when Chaudhry Pervez Elahi was the then Chief Minister of Punjab. His successor Punjab Chief Minister Mian Muhammad Shahbaz Sharif often accused him of involvement in this fraud charging that he looted Rs 50 billion from the BoP. The sources alleged that the National Accountability Bureau (NAB) had recovered Rs 6.8 billion in its investigation but that new team, headed by Aftab Sultan did not made any progress regarding the recovery of the amount. It has been learnt that NAB is also expressing its dissatisfaction over the high-powered team. The sources said that this high-powered investigation team had refused to inform the NAB about the progress of the investigation and made it clear that they are not answerable to NAB but only to the apex court.

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