Roosevelt Hotel
Pakistan: NAB to probe closure of Roosevelt Hotel
Islamabad: Chairman of the National Accountability Bureau (NAB) retired Justice Javed Iqbal on Tuesday tasked its Rawalpindi bureau office to investigate the reports about the closure of Pakistan International Airlines’ (PIA’s) Roosevelt Hotel in US city of New York from Oct 31, Dawn News reported.
According to the anti-graft watchdog, NAB’s Rawalpindi region director general Irfan Mangi will investigate not only reasons behind the closure of the hotel situated in Manhattan but also behind the reported losses. The office has been directed to fix responsibility on officials for allegedly showing “carelessness in performing their national duties” and failing to turn the hotel into a profitable entity, reports Dawn News.
Minister for Information and Broadcasting Senator Shibli Faraz, addressing a press conference on Tuesday, refuted the reports that the government had any intention to sell the hotel when the value of the property was down amid coronavirus pandemic, Dawn News.
A consultant would be hired to run the hotel whose business had been hit hard due to the virus outbreak, he was quoted as saying by the newspaper.
“At present when the value of property is down due to Covid-19 pandemic, the government has no plan to sell the hotel,” he said.
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