Financial mismanagement alleged in affairs of Islamabad Chamber of Commerce & Industry

United Business Group asks Directorate General of Trade Organisations to take action

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ISLAMABAD: United Business Group of Islamabad Chamber of Commerce and Industry (ICCI) on Sunday asked the authorities to take notice of the alleged illegal activities in ICCI and streamline matters.

“The ICCI has become a family business for a group calling the shots since decades and almost all the presidents and vice presidents are selected on their sweet will,” alleged Habibullah Zahid, Chairman of United Business Group.

Speaking to the business community, he said that the financial mismanagement has reached gigantic proportions, therefore the ICCI’s accounts of the last ten years should be audited.

The group having control of ICCI mercilessly wastes resources on buying loyalties to ensure their control while Rs 500,000 is collected from every member travelling abroad as part of a delegation but this amount is not reflected in accounts, claimed Zahid.

Many people went abroad with the help of ICCI and never returned which amounts to human smuggling, he said, adding that display centre of ICCI is being used for commercial purposes, while CDA has turned a blind eye to it.

Zahid said that bogus membership and favouritism is rampant in ICCI as the near and dear employees are drawing salaries beyond their abilities, while they are also kept happy by giving them millions of rupees in advance salary, which is illegal.

Shahid Zaman Shinwari, Malik Nadeem, Sarfaraz Mughal, Zahid Qureshi and others also spoke on the occasion and asked the Directorate General of Trade Organisations, a department of the Ministry of Commerce to take action against the black sheep.

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