— File Photo by APP

ISLAMABAD: A special provincial anti-corruption court, hearing the case over a multi-billion-ruppee scam in the National Insurance Company scam, issued on Monday non-bailable arrest warrants against seven accused in the case including former federal minister for commerce Makhdoom Muhammad Amin Fahim, DawnNews reported.

Other accused in the case include former federal commerce secretary Salman Ghani, Amin Qasim Dada and Javed Saeed (directors of NICL) and Khalid Anwar Khan.

All accused were booked for allegedly causing huge financial losses to the exchequer by violating rules in the selling a piece of land in Korangi area in Karachi.

The court issued arrest warrants against the Senior Pakistan Peoples Party (PPP) leader and six others which were non-bailable until April 12.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Short-changed?
Updated 24 Nov, 2024

Short-changed?

As nations continue to argue, the international community must recognise that climate finance is not merely about numbers.
Overblown ‘threat’
24 Nov, 2024

Overblown ‘threat’

ON the eve of the PTI’s ‘do or die’ protest in the federal capital, there seemed to be little evidence of the...
Exclusive politics
24 Nov, 2024

Exclusive politics

THERE has been a gradual erasure of the voices of most marginalised groups from Pakistan’s mainstream political...
Counterterrorism plan
Updated 23 Nov, 2024

Counterterrorism plan

Lacunae in our counterterrorism efforts need to be plugged quickly.
Bullish stock market
23 Nov, 2024

Bullish stock market

NORMALLY, stock markets rise gradually. In recent months, however, Pakistan’s stock market has soared to one ...
Political misstep
Updated 23 Nov, 2024

Political misstep

To drag a critical ally like Saudi Arabia into unfounded conspiracies is detrimental to Pakistan’s foreign policy.