Toyota IMC embezzlement victims ask NAB chairman for justice

RAWALPINDI: The victims of Toyota Indus Motor Company (IMC) and its dealerships’ embezzlement of Rs400 million have urged National Accountability Bureau (NAB) Chairman Justice (r) Javed Iqbal for justice and fair investigation.  

The victims of Toyota Indus Motor

Company (IMC) and its dealerships’ embezzlement of Rs400 million have urged
National Accountability Bureau (NAB) Chairman Justice (r) Javed Iqbal for
justice and fair investigation.  

Talking to media here on Sunday, the

victims of the Toyota Hyderabad Motors (THM) and Indus Motors action committee
rejected the investigation of NAB Karachi after it failed to provide relief to
them in the past three years. The committee members included Sheikh Inamullah from
Layyah, Ali Akram from Gujranwala, Hamid Sarfaraz, Aqib Javed, Saud Awan,
Sufyan Bajwa, Waseem Khan, Zeeshan Khan, Ahmed Gul and other victims of the
fraud.

They alleged that Toyota Hyderabad

had offered them to sell cars at a low price as they had excessive quota of
cars available in Sindh. At the outset, Toyota Hyderabad Motors had swiftly
provided cars on comparatively lesser rates than the market and after gaining
the confidence and trust of the victims,it booked 200 cars worth over Rs400
million, which were not even delivered to the affectees.

The victims said that Asad Ali Malik

of THM was conducting meetings in the company’s office, entertaining victims
and using the land line number of THM. They also claimed that Malok was not
only a sales agent, but also a partner of Shoaib Sumro, the owner of the
Hyderabad Motors.

When the affectees, after waiting

for a long time, went to Toyota Hyderabad Motors office, they were told that
the vehicles had been delivered to the owners and the office denied any
relationship with Asad Ali Malik.

The issue had been taken up by NAB Karachi,

which appointed Inquiry Officer Irfan Ali to probe the case. After thorough
investigation, Shoaib Sumro and Asad Ali Malik were arrested and a weak,
incomplete and contradictory interim reference was filed in the Accountability
Court in which out of 200 cars, claim for only 16 cars was filed while the
claim of remaining cars was deliberately omitted.

The main accused, Shoaib Sumro, was

acquitted before the trial began on the basis of no evidence.

It was reported that 200 cars were

sold in the market on fake letter heads and signatures, although the standard
operating procedure of Toyota Motors also required that the cars were delivered
to the owners after proper identification and taking a photograph standing
before the car delivered. However, no such procedure was followed and the cars
were delivered to other people without verification.  

They victims also said that the

quota system of Toyota Company revealed that it offered less quota to region
with higher demand and larger quota to area with lesser demand of cars,
deliberately creating a shortage in order to charge a higher premium (ON). They
urged the NAB chairman to take notice of this and transfer the case to
Islamabad and order fresh inquiry into the matter to provide justice to the
affectees.

Talking to media here on Sunday, the victims of the Toyota Hyderabad Motors (THM) and Indus Motors Action Committee rejected the investigation carried out by Karachi NAB after it failed to provide relief to them in the past three years. The committee members included Sheikh Inamullah from Layyah, Ali Akram from Gujranwala, Hamid Sarfaraz, Aqib Javed, Saud Awan, Sufyan Bajwa, Waseem Khan, Zeeshan Khan, Ahmed Gul and other victims of the fraud.

They alleged that Toyota Hyderabad

had offered them to sell cars at low price as they had excessive quota of cars
available in Sindh. At the outset, Toyota Hyderabad Motors had swiftly provided
cars on comparatively less rates than the market and after gaining the
confidence and trust of the affectees booked over Rs 400 million worth 200 cars
which were not delivered to the affectees.

The victims said that Asad Ali Malik

of THM was conducting meetings in the company’s office, entertaining victims
and using the land line number of THM. They also claimed that Malok was not
only a sales agent, but also a partner of Shoaib Sumro, the owner of the
Hyderabad Motors.

When the affectees, after waiting

for a long time, went to Toyota Hyderabad Motors office, they were told that
the vehicles had been delivered to the owners and the office denied any
relationship with Asad Ali Malik.

The issue had been taken up by NAB Karachi,

which appointed Inquiry Officer Irfan Ali to probe the case. After thorough
investigation, Shoaib Sumro and Asad Ali Malik were arrested and a weak,
incomplete and contradictory interim reference was filed in the Accountability
Court in which out of 200 cars, claim for only 16 cars was filed while the
claim of remaining cars was deliberately omitted.

The main accused, Shoaib Sumro, was

acquitted before the trial began on the basis of no evidence.

It was reported that 200 cars were

sold in the market on fake letter heads and signatures, although the standard
operating procedure of Toyota Motors also required that the cars were delivered
to the owners after proper identification and taking a photograph standing
before the car delivered. However, no such procedure was followed and the cars
were delivered to other people without verification.  

They victims also said that the

quota system of Toyota Company revealed that it offered less quota to region
with higher demand and larger quota to area with lesser demand of cars,
deliberately creating a shortage in order to charge a higher premium (ON). They
urged the NAB chairman to take notice of this and transfer the case to
Islamabad and order fresh inquiry into the matter to provide justice to the
affectees.