SC bins NAB's plea against acquittal of accused in NICL corruption case.

ISLAMABAD -- The Supreme Court (SC) on Tuesday rejected National Accountability Bureau's (NAB) plea against the acquittal of the accused named in the National Insurance Company Limited (NICL) corruption case, over lack of evidence.

The maintained Lahore High Court's verdict and set Ayaz Niazi, the main accused in NICL corruption case and others free over lack of evidence filed by the anti-graft watchdog body.

'NAB's evidence are not much sufficient to prove the charges against the accused', the top court's bench remarked.

It may be noted that the then chief justice of the SC Iftikhar Chaudhry had taken suo moto notice of the alleged corruption in the NICL.

The story of over Rs six billion NICL scam broke in 2009-10 when Mohsin Warraich's company, Messrs Privilege, purchased 803 kanals...