PCB under scrutiny for funds mismanagement
A parliamentary committee in Pakistan has ordered an inquiry into alleged misappropriation of more than $3.5 million of the country's cricket funds as listed in an auditor-general's report for the period 2003-2008.
The National Assembly's Public Accounts Committee (PAC) met on Monday and formed a sub-committee to look into the charges of irregularities, including spending without proper authorisation or planning. "PAC president Chaudhry Nisar Ali Khan has appointed a committee under parliamentarian Khawaja Asif to investigate and give a report in 30 days," a PAC spokesman was quoted as saying by AFP.
The committee recommended that the name of former PCB chairman Nasim Ashraf be put on the exit control list as he was being investigated for alleged embezzlement worth Rs. 260 million ($3 million).
Ijaz Butt, who took over as chairman of the Pakistan Cricket Board (PCB) in October 2008, also attended Monday's meeting in Islamabad. "We have left the matter in the hands of the PAC, who have formed a committee to look into these facts which are an eye-opener for everyone," Butt said. He pointed out that the irregularities were reported during the tenure of Ashraf, his predecessor.