Former NICL chairman Ayaz Khan Niazi arrested in mega land scam
ISLAMABAD ( 92 News ) Insurance Corporation Limited chairperson Ayaz Khan Niazi was arrested on Sunday after the Supreme Court’s directions in the mega land scam case.
The NICL scandal pertains to financial embezzlement by Niazi, then commerce minister (late) Makhdoom Amin Fahim and several others in purchase of official land.
Hearing the case related to non-implementation of the court’s verdict in the NICL scam from five years ago, a two-member bench headed by Chief Justice of Pakistan Justice Saqib Nisar and comprising Justice Mushir Alam directed the accountability courts of Lahore and Karachi to decide the case in two months.
The court also ordered the immediate arrest of Mohsin Habib Warraich, the other primary accused in the case. During the hearing, the chief justice observed that Niazi lives in a two kanal house while his cars are also not registered in his name.