Lahore: Court grants 14-day remand of railway officials
LAHORE: An accountability court on Friday granted 14–day physical remand of former GM Railway (Maintenance and Services) Naeem Malik and AGM (Mechanical) Ahsan Mahmood, accused of embezzlement in the purchase of spare parts worth $15.6 million for 69 Chinese locomotives. On Friday, NAB Punjab produced the accused before the court and sought their physical remand for investigation. On NAB’s plea, the court granted 14–day remand of the accused directing NAB to produce them again by June 22, along with the investigation report.
According to the case, Naeem Malik and Mian Ahsan Mahmood are accused of playing a key role in the purchase of spare parts worth $15.6 million for 69 Chinese locomotives. They were part of a negotiation committee which decided to purchase the spare parts at prices higher than market rates.
Based on a decision by the committee which included the accused, Pakistan Railways had purchased 356 items at a price five times higher than their actual market price. Some 256 parts had been procured at double the actual price. While 776 items were purchased that were not even needed by the organisation. The scam surfaced during former President Pervez Musharraf’s regime.