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Corruption scams worth billions of rupees were highlighted during Yousuf Raza Gilani's four-year tenure as prime minister of Pakistan including two scams implicating two of his sons.
Eight of the major financial scams are as follows: (i) Rental Power Plants (RPPs). Supreme Court of Pakistan scrapped all RPPs because of lack of transparency. RPPs retired Rs 2 billion mobilisation advance and are planning to approach ICA, London. The NAB recovered Rs 1091 million from Pakistan Power Resource/Walters International, Rs 546 million from Techno Energy, Rs 50 million from Young Generation, Rs 225 million from Gulf and Rs 100 million from Rishman. Total amount involved in the case is around $223.58 million. The NAB is conducting an inquiry against Raja Pervez Ashraf, Liaquat Jatoi and other officials.
(ii) National Insurance Company Limited (NICL): The company caused a loss of Rs 900 million to the exchequer due to mis-procurement of land and property. According to official records, Commerce Minister Makhdoom Amin Fahim, his family members, Ayaz Niazi, former Chairman NICL Mohsin Warraich, and Moonis Elahi, son of former Chief Minister, Punjab, Chaudhry Pervez Elahi were allegedly involved in this mega scam. Moonis Elahi was acquitted by a judge of the banking court Lahore whereas other accused are still at large. There has been no conviction except that of Ayaz Niazi.
(iii) Hajj Scam: Minister for Religious Affairs, Hamid Raza Kazmi, Director Hajj, Rao Shakil and Joint Secretary, Aftab-ul-Islam Raja are in jail. However there has been no conviction though the accused have been indicted.
(iv) Fertiliser distribution scam: According to official documents, former Industries Minister Manzoor Wattoo and top officials of Industries Ministry including NFML top brass were involved in misappropriation of billions of rupees. Federal Investigation Agency (FIA) is conducting an inquiry however none of the accused has been convicted for far.
(v) Procurement of energy savers funded by (ADB-AFD): Rs 2 billion loss due to higher procurement price. Ministry of Water and Power and Pepco were allegedly involved. There has been no conviction so far.
(vi) Golan Gol hydropower project: caused heavy financial loss to the exchequer. Allegations of corruption against Wapda Chairman's son and his brother were bandied about in the Ministry of Water and Power.
(vii) Railways procurement scam: billions of rupees loss to the exchequer in procurement of locomotives whereas Rs 80 million were recovered by NAB so far. Corruption charges are also being levelled against Federal Minister Ghulam Ahmed Bilour. Scrap sale, various purchases, sale of railway tracks and purchase of spares for 69 Chinese locomotives are allegedly done, however no official has been convicted so far.
(viii) National Logistic Cell (NLC): scam wherein authorities made huge investments in stocks after getting loans from banks over a period of time causing a loss of billions of rupees to the national kitty. Three Army Generals (Lieutenant General Khalid Munir Khan (R), Lieutenant General Muhammad Afzal Muzaffar (R) and Major General Khalid Zaheer Akhtar (R), Member Finance (NLC) Saeedpur Rehman were implicated. The GHQ is conducting an inquiry against former army generals involved in NLC scam.
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