FIA Probes into alleged Corruption in NATCO

Written by  Published by:Pakistan Views Friday, 08 January 2016 11:30

GILGIT: The Federal Investigation Agency (FIA) has asked Saeedullah Yousafzai, managing director of Northern Areas Transport Corporation (NATCO) to submit documents to negate allegations against him of corruption in purchase and auction of non-custom paid vehicles for NACTO.

In a letter, FIA asked Yousafzai to submit documents for the purchase of non-customs paid vehicles for NATCO, the auction of 10 land cruisers and the construction of the managing director’s residence, among others.

Yousafzai denied the allegations in a statement on Thursday. “The board of directors has powers to make decisions,” said Yousafzai, denying the rumours circulating on social media and in  local news.

According to the statement issued by NATCO’s public relations office, the expenditure on vehicles and other projects was done in light of the policy made by the board of directors. “If this is the way we treat honest officials, nobody will want to serve G-B in future,” said the statement.

However, Yousafzai welcomed the FIA investigation, saying it was the mandate of the agency to investigate allegations but that does not mean he was guilty.

He blamed “certain elements” inside NATCO for triggering the investigation, saying people conspired when their own practices were questioned.

NATCO was established in 1974 under the Companies Act 1913 to build roads and establish a transport system for people living in G-B and Chitral. The organisation runs a bus service in G-B and the rest of the country.

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