Toyota IMC embezzlement victims ask NAB chairman for justice

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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.

2 COMMENTS

  1. Nab is unable to recover money from ns and mr 10 percentso very difficult for nab to recover money they can only recover from people who have done corruption of 1to 10 million pkr

  2. This whole story is fake Infact NAB has conducted thorough inquiry and find that Asad Malik is Culprit based at Karachi working as a local car dealer and he was not agent of any Toyota Dealer.. No dealer has any connection with the claimants mentioned in the artical therefore Dealers has not committed any wrong with any of them..its between Asad Malik and these investers.

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