Prime Minister Imran Khan on Wednesday ordered a forensic audit of the Evacuee Trust Property Board (ETPB).
The premier, who chaired a meeting of the ETPB, was briefed about the financial irregularities in the board. The premier expressed his concerns over corruption and nepotism committed in the board in the past and ordered for a thorough forensic audit of the ETPB.
He also directed the restructuring of the board and gave consent to constitute a task force for the better management of the evacuee property affairs in a befitting manner. The prime minister also issued instructions to Federal Minister for Religious Affairs Noor-ul-Haq Qadri to present all affairs of the board along to the cabinet meeting.
Federal Secretary Muhammad Mushtaq Ahmed and ETPB Secretary Muhammad Tariq gave a detailed briefing to the prime minister on the functioning, administration and financial matters of the board.
The Auditor General of Pakistan in its audit report for 2015-16 had detected massive irregularities amounting to billions of rupees in the ETPB and its attached educational, charitable or religious trusts.
According to the AGP report for 2015-16, the ETPB made doubtful investment amounting to Rs1,106.632 million through ‘fraud’ and ‘misappropriation’.
The report said the ETPB Lahore paid Rs1,394 million at the rate of 15 percent per year to M/s High Link Private Limited Lahore from Aug 17, 2009 to May 10, 2012 through 22 transactions despite the fact that the ETPB Act did not have provision for making an investment other than in social welfare or charitable purposes and that too after getting approval from the federal government.