Riaz Asher Siddiqui, CEO Universal Service Fund, is likely to be removed from his position on account of poor performance, told us sources familiar with the development.
A source, who has direct knowledge of the situation, told ProPakistani that HRGC (Human Resource Governance Committee) has prepared a resolution with recommendations for immediate removal of Mr. Riaz Asher, who had replaced Mr. Pervez Iftikhar as CEO of Universal Service Fund in December last year.
According to one source these recommendations for removal of Mr. Asher were made on direct orders of Prime Minister of Pakistan, who is also the chairman of USF board.
According to our source, these recommendations are pending approval from couple of board members, while majority of members have already signed the document.
Another source tells ProPakistani that Mr. Asher might be given a chance to resign himself, however, his removal is imminent and confirmed.
Source reveals that company secretary is also removed with Mr. Asher, for same reasons.
According to companies ordinance, the job for CEO will be advertised for at least 15 days. After careful consideration, HRGC will then recommend names to BoD for finalization of next CEO.
Universal Service Fund is considered as a gold mine, which has around Rs. 50 billion in its accounts for the development of telecom services in far flung areas of the countries.
Ruling party had once tried to move USF’s money to Federal Consolidated Fund, which could give government the ability to use this money for its operational requirements.
Very Weird.
First he is given CEO of the Year Award. Today’s Business Recorder:
http://www.brecorder.com/it-a-computers/206/1253735/
And he complained about defaulting LDI companies owing USF 26BN
https://propakistani.pk/2012/11/02/telecom-operators-owe-rs-26-billion-to-usf-ceo/
http://www.brecorder.com/market-data/stocks-a-bonds/0/1253671/
And now he is dismissed?? Looks like a cover up for someone who was looking to clean up the system. Supreme Court should take note.
lol
….
There was nothing of that sort. He was not capable enough to do the frauds even. They wanted an intelligent thug
The awarded CEO and Telecom personality got sacked today for his extreme incompetence, corrupt practices, nepotism and ruining USF, the half billion dollar telecom fund.
It is a fact that all companies and sub cons who worked with USF during his tenure, consider him an imposter, a cheat and a total fraud. He never honored his promises, miss treated sub cons and forced them to pay bribes to get payments for work done. He was a total fake and knew nothing about technology, was a poor leader who only knew to bully staff and sub cons alike.
With his gang consisting of the company secretary and company lawyers, he ruled and ruined the fund rather than running it transparently and efficiently.
And then he got awards for all of that, wow that sounds insane to me. This speaks volumes about this yellow award industry.
FAKE Award Yafta ….
Dear All,
please note that all above comments are fake as this site is supported by former USF CEO Pervaiz Iftikhar.
From the above comments we can see that the commentators have presented themselves as being very immature and unprofessional. None of the above have declared any legal facts to prove there crude statements.
Remember this can happen to you as well so it is better advised that you focus on your early inshallah prosperous future career and behave more mature and professional.
p.s. we have many sources and proof against the previous USF CEO pervaiz Iftikhar and his illegal international bank accounts. Need I say more.
Wat you sow u shall reap
He cheated his way to the award as well and now that he has been caught for his mal practices and incompetence its good that for once the PPPP government has done a good thing. He along with his Company Secretary , Law, Audit and Communications team had wreaked Havoc in USF. A telecom company was hijacked by a Buffoon and his Baboon Lawyers and Chimpanzee Auditor will finally have a chance to grow again.
Call me pessimist, but PPP didn’t sack him because of poor performance, if this was the case then PPP wouldn’t had appointed him as a CEO in the first place. Everyone knew his caliber the day he joined the office as CEO.
Or maybe government got annoyed due to his statement in standing committee yesterday, in which he named telecom companies that owe PKR 26 billion to USF. Top in the list is RedTone, which is, we all know, owned by a big government gun.
Seemingly he didn’t fulfill his promises, or he wasn’t able enough to do bigger frauds. He couldn’t even handle advertisement controversy (worth 120 million only), while PPP is eying better and larger performer.
They might have found some better person, who will deliver better (if you know what i mean).
o yes i definitely get what you mean….. ;)
Spot on..you are very right
There was another supporter at GM level also..I have forgotten his name..he was in projects
His 11 month tenure was the darkest period for USF. He harassed, black-mailed and threatened managers who took stand to save projects, advertising and administrative budgets of the company. Operators and vendors were tortured for payments until or unless they had strong contacts or refused to give him commission. He even failed to make money which was the only purpose behind hiring him.
Yeh Guest tu koi Manager ha USF ka ,, Jo apni safai de raha ha ………………..lolz
Riaz Asher terminated along with company sectary Shakku from their positions on account of poor performance ,attitude, Corruption , Forgery in tenders and contracts, unadvertised ans unqualified hiring, promotions on favourtism, violation of PEC and PPRA rules. told us sources familiar with the development.
GM p&T Asif Kamal also involved in corruption along CEO and Company Sectory. Because Asif Kamal and Manager M&I Rizwan khan sent on force leave in the month of May 2012 due to corruption in Technical Audits and tenders by Mininstry IT ( Sec IT Mr.Farooq Ahmad Awan.
According to Ministry notification both these people not allow to join back USF until the start and completion of Forensic Audit of all completed and curent runing projects. but CEO USF Asher Sidiquee alow them to join office back by adjusting some coruption percentage betwwen them and by the reference of sum GOV senetor because they all belong from BANUU KPK against Ministry notification orders by Board of Directors.
GM Law Gardezi and Akram also guilty and Usher partners in coruption. they are involved in forgery of Tenders and contracts.
Asher made many promotion on favoutism on last six months withut any criteria.
Enginers to Deputy Managers and hire many persons in admin and CEO sectriate and in Engineers dept and Managers.
A source, who has direct knowledge of the situation, to
@Amir Atta
by Authentic Sources:
Riaz Asher terminated along with company sectary Shaikku from their positions on account of poor performance ,attitude, Corruption , Forgery in tenders and contracts, unadvertised ans unqualified hiring, promotions on favourtism, violation of PEC and PPRA rules. told us sources familiar with the development.
GM p&T Asif Kamal also involved in corruption along CEO and Company Sectory. Because Asif Kamal and Manager M&I Rizwan khan sent on force leave in the month of May 2012 due to corruption in Technical Audits and tenders by Mininstry IT ( Sec IT Mr.Farooq Ahmad Awan.
According to Ministry notification both these people not allow to join back USF until the start and completion of Forensic Audit of all completed and curent runing projects. but CEO USF Asher Sidiquee alow them to join office back by adjusting some coruption percentage betwwen them and by the reference of sum GOV senetor because they all belong from BANUU KPK against Ministry notification orders by Board of Directors.
GM Law Gardezi and Akram also guilty and Usher partners in coruption. they are involved in forgery of Tenders and contracts.
Asher made many promotion on favoutism on last six months withut any criteria.
Enginers to Deputy Managers and hire many persons in admin and CEO sectriate and in Engineers dept and Managers.
Mr. Shabir, I think u lost eyesight years back, so get some
light now.
Riaz Asher and Farooq were brought together by Gillanis to loot. I would call
them the Goof and the Bully, respectively. Both have several traits in common.
Both are arrogant bullies, both know a shit about technology, computers or even
telecommunications, both are overconfident reprobates.
– Farooq Awan the Bully, with the gifted CEO tried to shift USF to PTET Tower
with almost 6 times more but useless floor space. Followed by exuberant budgets
to renovate the same. The designed CEO room space was nothing short of Google work
place. Definitely the whole exercise was for commission and for awarding the
contract to Bully’s black listed lady friend. They could not get it approved
from Board.
– Farooq Awan with the worthy CEO tried to spend more than Rs 120 Mil on
advertisements without following PPRA rules, through Midas, the black listed
advertisement company. That led to a NAB case.
– The CEO of the year, asked Farooq Awan to help get rid of
Asif Kamal and Rizwan. Hence Farooq Awan initiated a so called Forensic Audit
just to victimize who ever refuses his godly orders. After a lapse of months,
the status of that Forensic Audit is unknown and its outputs and results are nowhere
in sight.
– Farooq Awan the Bully landed into severe difference with
Mr. CEO, as the later was too incompetent to even collect booty for him. Mr.
Bully went to PTA to gather some commission on 3G licensing.
– Do note that Mr. Bully sent a whole bunch of ppl home from
MoIT, NTC, USF and ICT RD Fund, for not following his stupid, useless orders
that promoted corruption.
All of these facts are very well know inside MoIT and
Telecom community. So Mr. Shabir wake up now
Well MR Abid. I think u wake up and find out the real facts.
Mr Farooq Awan is a hero and he has much caliper than any body in USF and MoIT.
During hir presence in MoIT he gave verbal warnings to CEO USF Asher Sidique for their Corruptions. He sent Asif and Riwan to force leave for corruption and bcz they are yes Big Bully and little Bully.
“who allowed them back against MoIT and Farook order……. ????
That was Asher and Seneter Zaid Khan ……””
And who forward this USF case to NAB ……..????
That was Farooq Awan dear bcz he’s a HERO ( Mano yah na manu )
Forensic Audit still runing , V.Soon both per GM Tech Asif Kamal and Manager M/I are behind jail ……*
Corruption present from the first day of USF working 2006 in sort of Tender,Contracts, Hiring and Technical Audits.
Mr.Farooq Awan is a foreign qualified person with some balls as well instead of Asher , Asif, Rizwan ,Shaikhu ,Gardezi and Akram.
Pervais , Asif and co were hired during the era of big loot and Ayashi ( Gen.Musharaf ) Yeh sab Musharaf ka gand ha ,
”
All these are son’s and relatives of Army BIG person’s
”
Kuch Musharaf kha gia baki yeh Kha rahee hain abhi …….
I pray that SC take action against all this corruptions and person who involved in it put behind BARs.
USF Majority Operators Infrastructure FAKe,not existed or in operaters Management home and in USF reletives homes.
USF majority technical Auditors have no resources and tool but they get Big moneys due to their commission settings with USF Top Management ( All three Manager technical ,GM Law, GM Tech,Manager Law , Company sectories……………………………………………………………………………………………………………………………………………………………………….
MR ALI AMMAR (SHABBIR) UR FRUSTRATION IS VERY OBVIOUS
Well , Mr ALI AMMAR. am not frustrated, what i need is to all Corrupt persons behind bars. reinstate EX-CEO Mr. Pervaize
SC and NAB take action agains all of them……
Hey, why u PPL using my name for comments ??? Don’t u PPL hv Guts or Ball’s ………………………………………………………………….???
Hey, why u PPL using my name for comments ??? Don’t u PPL hv Guts or Ball’s ……………………………………………………………???
Dear All,
I would like to start from the verse of the Holy Quran “Allah jise chahe Izzat de aur jise chahe zillat de.”
So Asher and Sheikho got what they deserved. What is even more deplorable in their case is that the same people who they patronized during their tenure at the helm are the ones who are opening the Pandora’s box against them.
During his stay at the top Asher misused power, ridiculed people, mistreated both operators and technical auditors. Anyone who came in his way was subdued to the most humiliating of treatment. He bulldozed all rules and regulations when it came to payments, promotions awarding of contracts. He fired Manager Nasir Kamal for refusing to offer contract to someone who wasnt eligible.
He made example of his Technical Team when they refused to bow down to his commands he sent his GM tech Asif Khan and Manager technical Younis Rizwan Khan on force leave made example of Manager Saif Khan for speaking his mind out and didnt even spare some young engineers and fired them even whne they performed better in test. His nepotism can be scene from the fact that he hired to engineers even when they repeatedly failed the test one of them being a nephew of influential Senator and the other a relative of a big wig in PPPP.
Many hirings were done in different departments with gross violations of HR rules and policies. Most of these hirings were made on a single call from influential people while some were hired just to be the eyes and ears of Riaz Asher.
But the real perpetrators of Riaz downfall must also not be forgotten they still enjoy top notch positions in USF one of them Akram Khan was recently promoted senior manager for his incompetency his ability to bend laws is known far and wide and another Sheraz Munni was rewarded because of his hand in covering Riaz corruption. Alongside these people its pertinent to mention the name of one Gardezi GM Law who inside sources say was the brain child behind all of Ashers wrong doings. Until and Unless all these people are removed USF has no future !
Agreed : but not agreed on 1 point. Minstry sent Asif and Rizwan on fource leave instead of Asher. Asher allow them to join office back in one week after force leave notification against MoIT due to their internal settlement.
Shiraz is a competent and good person ( not guilty )
“Zameen pe Itna Zulm na ker ke Allah tujh per naraz ho jaee”
“Jesa kero ge wesa Bhero gee”
“Lalich Buri Bala ha “
I agree with the above comments.
Very well said Mr. Asher Khan.
The rich fund worth billions of rupees, is full of incompetent, unqualified and degree less quakes and imposters, who are lurching to flees any opportunity that comes their way.
Akram is incapable, incompetent, computer illiterate and useless Mr. Notery Public.
Both Akram and Gardezi are master cheaters. They used to cheat and inform the bid values to their favorite competitors. They forged documents, minutes of meetings, approved documents and contracts.
Akram was behind illegal cancellation of tenders at their final stages, qualifying favorite companies and ensuring payment stoppage to force companies to pay commission. He must be handed over to FIA and NAB for investigation of his crimes.
Sheraz had the duty to ensure that payment is not made to any vendor, service provider or technical auditor, unless Asher Siddiqi gave a go ahead. Asher ordered payments after getting commission. In doing so the degree less imposter and cheat is the main culprit in putting in absurd objections to initially stop payments and then force service providers to please him and his boss. Above all he hasn’t got the required qualification/degree.
As a final note I demand of USF BoD and their various
committees TO STEP IN, INITIATE AN INVESTIGATION AND PUNISH THE REAL CULPRITS, WHO ARE RESPONSIBLE FOR THE CURRENT MESS AND WHO HAVE DESTROYED THE USF, A COMPANY THAT ENJOYED PRESTIGE WORLD OVER.
I agree totally with the comments above. USF has been destroyed at the hands of few people , even USF BOD and Yousef Gillani Ex-PM are responsible also for all these wrong doings. Destroying of USF is like a national loss. When people are appointed against merit and on safarash the fate is quite clear. Riaz Asher Siddiqui was simply not suitable for the job of CEO USF , he lacks such qualities , but got appointed with the blessings of Ex PM , his Secretary and corrupt lobbys.
Therefore all beneficiry Manages in USF of his time should be terminated to clean USF.
The wrong doings in USF should be probed by NAB in national interest.
All apointments made during 2012 should be reviewed and terminated.
For God sake the people in power should not play with this nation and look into USF issues seriously othewise this golden hen will die of its own.
well said Telecom but NAB should monitor all hiring from 2006 .
Corrections :-
Gillani not hired Asher Siddique, He’s selected by BOD and Gillanis friend (________) aprovel. But who knows at that time that he’s a Corupt and cheeter person
Mr Farooq Awan is a hero and he has much calliper than any body in USF and MoIT.
During hir presence in MoIT he gave verbal warnings to CEO USF Asher Sidique
for their Corruptions. He sent Asif and Riwan to force leave for
corruption,
“who allowed them back against MoIT and Farook order……. ????
That was Asher and Seneter Zaid Khan ……””
And who forward this USF case to NAB ……..????
That was Farooq Awan dear bcz he’s a HERO ( Mano yah na manu )
Forensic Audit still runing , V.Soon both per GM Tech Asif Kamal and Manager M/I are behind jail ……*
Corruption present from the first day of USF working 2006 in sort of Tender,Contracts, Hiring and Technical Audits.
Previous CEO Pervaiz and GM Teck Asif hired a Deputy Manager SP (technical) women in 2006, who dont hv a Engineering degree or some gud qualification. same in the case of Manager Communication (women) …………..
What a Company …….. ???????
Mr.Farooq Awan is a foreign qualified person with some balls as well instead of
Asher , Asif, Rizwan ,Shaikhu ,Gardezi and Akram.
Pervais , Asif and co were hired during the era of big loot and Ayashi ( Gen.Musharaf ) Yeh sab Musharaf ka gand ha ,
Mr.Asif Kamal and Mr.Rizwan are not PEC registered Enginneers as well than hhow they selected …………………….??
Mr Asif Kamal has good reference with PML(Q) Khan senetors and Ministers. At the time of appointment Asif kamal selected on the direct orders of Minister Salman Taseer. Than he select Rizwan khan and others ( their friends and reletives )
”
All these are son’s and relatives of Army BIG person’s
”
Kuch Musharaf kha gia baki yeh Kha rahee hain abhi …….
I pray that SC take action against all this corruptions and person who involved in it put behind BARs.
USF Majority Operators Infrastructure FAKe,not existed or in operaters Management home and in USF reletives homes.
USF
majority technical Auditors have no resources and tool but they get Big
moneys due to their commission settings with USF Top Management ( All three Manager technical ,GM
Law, GM Tech,Manager Law , Company
sectories……………………………………………………………………………………………………………………………………………………………………….
Majority of new hiring made in last 6 months with the reference of Senetor Zahid Khan and Zardari house (Naqvi) and others from ISI / Army.
I heard that Riaz asher Sidique, Shaikue and Asif Kamal tried to harassed these two below mention Womens ………. ??????
Is that True ??
An interesting fact which very few people know is that the head of projects in USF also sided with Asher in all the wrong doings in the start. This projects head later on sided with Farooq Awan, when Awan gave the false hope of making him the CEO.
U mean Asif KAMAL………… ha ha haa
http://www.zemtv.com/2012/11/11/apna-apna-gareban-corruption-in-universal-services-fund-11th-november-2012/
The new CEO Basit Sheikh faces a lot of challenges. To maintain his repute
of excellence in research and education, he will have to clear the mess created
by Riaz Asher, otherwise if he drags on with the dirty legacy of nepotism,
injustice and non performance he risks to lose his repute rather face humiliation
and ultimate closure of USF, that is in sight now.
He will have to realize that a team full of incompetent, ill experienced and inexperienced,
useless idiots hired on the basis of their political and bureaucratic connections
will finally prove disastrous. It is futile to even think of marginal improvement
if the type of jerks that my team met during their interaction with USF, continue
to fool around. Telecom is serious business that needs visible results, it is
not a bureaucratic mockery whereby promises are made to be broken, corruption
is rampant, every post is filled with good for nothing paper weights,
subcontractors are forced to pay bribes and public at large is punished.
Mr. Sheikh will have to resolve long standing telecom industry issues with
USF. He will have to bring merit and performance back to USF and run it without
political influence as a Telecom Company, not as a dreaded Law or an Audit Firm.
USF today is breaking under the weight of fake degree holders, good for
nothing and totally useless illegal political appointees at every position,
rather useless positions have been created to adjust the influential, the cronies
of the previous CEO and the like who have now gathered around Mr. Sheikh. Once
an efficient organization with superb success and with probably just 30
employees has swelled to about 80 employees with zero performance over the last
one year. USF web site hardly portrays any progress, except for repeated tenders
and cancellations.
It is so unfortunate to learn that as a first stage useless goofs were hired
to please politicians and bureaucracy, then based on that plans are underway to
hire extra floor space followed by renovation. What a plan to usurp more commission.
The situation is alarming. It puts a lot of onus on the shoulders of the young
genius. It now depends on his wits and quick strong decisions that might annoy
and disgruntle quite a few but that will bring USF back to track, otherwise the
Fund is in deepest trouble with next to zero performance over the last one year
and that seems to continue over the next year as well.
The service industry will not be unjustified to demand stoppage of payment of
USF and also payback of the existing fund.
Telecom Consultant
I don’t understand, why u ppl wasting ur precious time for such Crap………………….???