KARACHI: An accountability courtroom on Saturday sentenced six folks together with former Nationwide Insurance coverage Company Restricted (NICL) chairman Ayaz Khan Niazi in a case pertaining to a land rip-off, ARY Information reported.
The courtroom introduced its verdict within the case and sentenced to seven years, all of the six accused, together with former chairman Ayaz Niazi and barred them from holding any public workplace for 10 years.
Accused within the case embrace Amin Qasim Dada, Hur Rihai Gardezi, Amir Hussain, Zahid Hussain and Mohammad Zahoor.
In line with the Nationwide Accountability Bureau (NAB) reference, the suspects are accused of buying 10 acres of land in Korangi on extreme charges, inflicting an enormous loss to the nationwide exchequer.
The case was initially being heard by an anti-corruption courtroom however was later transferred to the accountability courtroom.
An accountability courtroom had earlier exonerated the previous NICL chairman from prices levelled in opposition to him for lack of proof.
However earlier this yr, the Sindh Excessive Courtroom (SHC) put aside the ruling of an accountability courtroom in opposition to an enchantment filed by the Nationwide Accountability Bureau (NAB) difficult Niazi’s acquittal.
It directed the trial courtroom to rehear the reference and consider the market worth of the property concerned within the rip-off.