LAHORE: An accountability court on Tuesday has declared son-in-law of Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif, Imran Ali Yousaf as absconder in Punjab companies scam case.
Justice Najamul Hassan announced the verdict on the request of National Accountability Bureau (NAB), stating that Ali skipped the probe into Punjab Power Company scandal and fled abroad.
He also ordered to bring back the accused through Interpol.
Punjab govt had constituted 56 companies under guise of good governance and registered them under Article-42 of Companies Ordinance 1984.
Punjab Chief Minister Shehbaz Sharif was inspired by the Turkish model and therefore summoned analysts from the same.
While deliberately turning a blind eye towards similar local companies operating in Pakistan, Sharif-led Punjab govt awarded dozens of contracts to Turkish conglomerates on hefty paybacks.
Before formation of these companies, 113970 employees were working in different departments across Punjab and the figure augmented to 157500 following arrival of Turkish corporations.
Rules were either disregarded or revoked while contracts were given on basis of sheer nepotism, thus inflicting hefty losses on provincial exchequer as Shehbaz Sharif issued mammoth Rs150 bn funds in this regard.—NNI