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NICL Scam: CJ directs FIA to arrest culprits

ISLAMABAD: In view of the National Insurance Company Limited (NICL) bribery scandal, Iftikhar Mohammad Chaudhry, said on Monday that the perpetrators must be stopped.

Supreme Court of pakistanApex court heard directly motu case of an alleged violation of the previous acquisition President Ayaz Khan Niazi NiCl March highly advanced rates, causing considerable economic losses to the national exchequer.

Chief Justice Iftikhar stressed that the culprits behind the scam had not yet been arrested, and that the Court does not accept the corruption of public money had been looted and a scam.

He said a proper investigation of fraud must be conducted and the perpetrators must be arrested to ensure that prosperity is restored.

Iftikhar asked officials of the Federal Investigation Agency (FIA) to arrest all those involved in corruption and Ayaz Khan Niazi was arrested in the case.

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