Karachi: Ex-NICL chief given bail
KARACHI: The Federal Anti-corruption Court here on Saturday granted bail to former National Insurance Company Ltd (NICL) chairman Ayaz Niazi in a case pertaining to the purchase of property in Dubai.
The court allowed him bail against a surety of Rs5 million in the alleged embezzlement case.
The former NICL chief is accused of having purchased the property at an exorbitantly high rate.
The co-accused in the case are already on bail.