Pak NAB claims it has no trace of money in Swiss accounts

Islamabad, Oct 13 (ANI): The National Accountability Bureau (NAB) could not trace money kept in Swiss accounts, it has claimed in its report submitted in the Supreme Court about the steps it took for the implementation of the NRO verdict.

The report contains the position of NRO cases within and outside the country, and also the replies to the questions raised by the court on its last hearing held on September 27, The Nation reported.

According to the NAB report, 150 cases were reopened since the NRO was declared void ab-initio by the apex court in its December 16,2009 verdict.

The NAB also stated in its report that it did not know where the money from Swiss accounts went.t also said that former Attorney General Malik Qayyum had not written any letter except withdrawing of the Swiss cases, adding that authorities concerned had been informed to take action against Qayyum.

The report also contains the details of the NRO beneficiaries who were appointed on key positions even after the NRO was declared void ab-initio by the apex court. These beneficiaries included OGDCL's former Managing Director Adnan Khawaja and FIA's former Deputy Director Ahmad Riaz Sheikh who was made Additional Director General FIA (Economic Crimes Wing).

In the last hearing, the court had directed the Attorney General and National Accountability Bureau (NAB) chairman to submit complete report over the Swiss accounts of President Asif Ali Zardari, besides giving details of the persons who had been benefited from the NRO and their cases were pending in foreign courts.

Today, a 17-member bench of Supreme Court, headed by Chief Justice Iftikhar Muhammad Chaudhry, will take up the government's review petition against the NRO verdict and a suo motu notice to review implementation of the NRO judgment. (ANI)