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"Let there arise out of you a band of people inviting to all that is good enjoining what is right and forbidding what is wrong; they are the ones to attain felicity".
(surah Al-Imran,ayat-104)
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User Name: SAROSH
Full Name: barkat rizvi
User since: 13/Sep/2007
No Of voices: 24
 
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Mian Nawaz Sharif, during his tenure as Chief Minister Punjab from 1988-90, deprived the provincial departments of Rs. 15.35 billion.
The Auditor General Report released in the year 1988 reported that Mian Nawaz Sharif, misusing his authority as Chief Minister Punjab, issued directives which resulted into direct malpractice of Rs. 35 billion.
The report said that the Chief Minister Secretariat had been turned out to be a hub of corrupt practices and Nawaz Sharif wasted the public money like an 'emperor' that resulted into huge fiscal deficit of the province.
The Auditor General Report released in the year 1986 said that the then Chief Minister Nawaz Sharif had used Rs. 120 Crore for malpractices in only one year.
Nawaz Sharif allotted 3000 precious LDA plots among his favorites due to which the provincial assets suffered loss of billions of rupees.
Nawaz Sharif ordered the CBR to issue several CBRs due to which got Rs. 40 Crore.
Mian Nawaz Sharif was the lead character of the Cooperative and Financial Institutions Scam, which deprived the retired employees, orphans, widows, and poor of their total assets amounting to Rs. 17 billion.
Nawaz Sharif released Rs. 1.2 million from his discretionary grant in the year 1985-86 while Rs. 18950,000 were released in 1986-87, Rs. 18990,000 were used in 1987-88 while another Rs. 18870,000 were distributed among his cronies.
The first tenure of Mian Nawaz Sharif as Prime Minister in the year 1990 saw another reign of loot and plunder. During this period Mian Nawaz Shairf obtained Rs. 3 billion loan from Banks through his influence against inadequate guarantees. According to the details Rs.1.5 billion loan was obtained against Ittefaq Foundries, Rs.302 million were obtained for Brothers Sugar Mills, Rs.92 million for Brothers Textile, Rs. 392 million for Brothers Steel Mills, Rs.102 million for Ramzan Sugar Mills and Khalid Siraj Textiles each, Rs.385 million for Ittefaq Sugar Mills, Rs.368 million for Ittefaq Textiles and Rs.239 million were loaned to Ittefaq Brothers. Due to the malpractice the national wealth was used for establishing personal empire while the country's economy was facing huge disaster. This loan was equivalent to the total internal loan obtained by the government of Pakistan.
In a letter to the then president Muhammad Rafiq Tarer, the then Additional Director General FIA Rehman Malik also leveled serious corruption charges against Nawaz Sharif who was sitting Prime Minister.
The charges are based on investigation also include money laundering of billions of dollars; Wheat Import Scam; allotment of contract of Motorway to Daewoo Company; Grabbing of heavy loans despite being defaulter; Sharif family's UK hidden business; Commission in privatization of MCB; etc.

 

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