Large monetary irregularities price billions have been recognized in Punjab’s Daanish Faculties by the Auditor Common of Pakistan (AGP).
In keeping with the three-year particular audit report of the AGP, the administration of Daanish Faculties had embezzled greater than Rs. 11.39 billion.
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It additionally highlights severe monetary irregularities price over Rs. 5.74 billion in 73 separate circumstances linked with Daanish Faculties. The administration had additionally siphoned Rs. 5.1 million off most of the people on account of admissions within the faculties.
The report additional states that former MD Zahoor Hussain had blatantly violated the Public Procurement Regulatory Authority (PPRA) guidelines throughout his tenure.
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The previous MD not solely used substandard materials within the building of the colleges but in addition awarded a meal and transportation contract for 3% greater than the precise price.
Whereas concluding the report, the AGP really useful stern motion in opposition to the Daanish Faculties’ administration because it has brought on the nationwide exchequer to lose billions of rupees.