Karachi: Former Chairman of National Insurance Company Limited (NICL), Ayaz Khan Niazi has been released in Corruption case. He was accused in land scam case and he was one of the key men in this fraud case. He was under investigation of Federal Investigation Agency (FIA) from last year.
Ayaz Khan was blamed for millions of rupees corruption; some reports told that fraud was worth 900 million rupees. According to media report, he has been released after non-availability of proper proofs against him.
In start of this month, he was bailed after paying 5 million rupees. Ayaz Khan is an educated person who is expert in finance and economics.