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- Feb 2, 2007
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LAHORE: Former chairman Zaka Ashraf paid out his personal/business lawyers out of the Pakistan Cricket Board (PCB) to the tune of millions, still more millions were spent on taking his wife along on foreign junkets and plush luxury vehicles were hired for hundreds of thousands of rupees per round trip to Bahawalpur and back to visit his sugar mill located there. The cumulative financial impact of all this ran into tens of millions of rupees - a tab that the PCB should have avoided at this time of financial distress when revenue streams have considerably shrunk owing to hosting its much diminished home series abroad at far greater cost.
Following the shocking disclosures made by the Internal Audit Report with regard to financial mismanagement and irregularities, the latest instances of blatant financial wrongdoing that this scribe has been able to garner from well-placed sources reveals that the Board was plundered for personal benefit, pleasure and comfort by former chief Ashraf’s in his 22-month tenure. Amid a plethora of examples of financial misdemeanors, the following are extremely glaring in terms of using Board’s resources for personal benefit:
nImtiaz Siddiqui and M/S Kasuri & Associates, Ashraf’s personal and his company lawyers, were paid out Rs.6 million out of the PCB coffers - out of this Rs. 5,225,000/- going to the former. This when the PCB has its own legal department on top of having a legal advisor. Siddiqui and Kasuri are these days representing Ashraf in Supreme Court as his lawyers.
n2: Ashraf spent a staggering Rs14.3 million in only his 22 months in office on his own domestic and foreign travel
n3: The cost of hiring surface transport by Ashraf alone was Rs4.654 million, bulk of it constituting travel to and from Bahawalpur from various places. There are 10 round trips in all, at varying costs; one such round trip alone costing the PCB upwards of half a million rupees.
n5: Another Rs.4 million was spent on air tickets for Ashraf’s spouse for 15 trips. And this does not include board and lodge and other sundry expenses, which were not a pittance either. This also does not include one trip by his son to Bangladesh costing Rs175,000/- in air fare alone.
PCB incurred financial losses under Zaka
Following the shocking disclosures made by the Internal Audit Report with regard to financial mismanagement and irregularities, the latest instances of blatant financial wrongdoing that this scribe has been able to garner from well-placed sources reveals that the Board was plundered for personal benefit, pleasure and comfort by former chief Ashraf’s in his 22-month tenure. Amid a plethora of examples of financial misdemeanors, the following are extremely glaring in terms of using Board’s resources for personal benefit:
nImtiaz Siddiqui and M/S Kasuri & Associates, Ashraf’s personal and his company lawyers, were paid out Rs.6 million out of the PCB coffers - out of this Rs. 5,225,000/- going to the former. This when the PCB has its own legal department on top of having a legal advisor. Siddiqui and Kasuri are these days representing Ashraf in Supreme Court as his lawyers.
n2: Ashraf spent a staggering Rs14.3 million in only his 22 months in office on his own domestic and foreign travel
n3: The cost of hiring surface transport by Ashraf alone was Rs4.654 million, bulk of it constituting travel to and from Bahawalpur from various places. There are 10 round trips in all, at varying costs; one such round trip alone costing the PCB upwards of half a million rupees.
n5: Another Rs.4 million was spent on air tickets for Ashraf’s spouse for 15 trips. And this does not include board and lodge and other sundry expenses, which were not a pittance either. This also does not include one trip by his son to Bangladesh costing Rs175,000/- in air fare alone.
PCB incurred financial losses under Zaka
