National Accountability Bureau seeks reply from Fauji Fertilizer Company for violation of Securities and Exchange Commission of Pakistan’s directives

Islamabad, November 06, 2012 (PPI-OT): National Accountability Bureau (NAB) under its Prevention regime has sought reply from Fauji Fertilizer Company Ltd. (FFCL) for violation of Securities and Exchange Commission of Pakistan’s (SECP) directives and actions against the norms of financial discipline demanded by present economic state of affairs of the country.

The Bureau has found excessive tours/visits and other actions in exorbitant and unwanted expenditures by the FFCL. NAB has also advised SECP to inquire into these financial misdemeanors. Similarly inquiries/ investigations are being initiated against other corporations in the public and private sector.

For more information, contact:
National Accountability Bureau (NAB)
ATTATURK AVENUE G-5/2, Islamabad
Tel: 051-111-NAB-NAB (111-622-622)
Fax: 051-9214502-03
Email: chairman@nab.gov.pk, infonab@nab.gov.pk

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