Islamabad, August 20, 2015 (PPI-OT): The National Accountability Bureau (NAB) Lahore has arrested accused persons Zahid Parvez Khan, Khalid Islam Bhatti and Qaiser Ahmed in causing loss to the national exchequer and cheating public at large cases etc.
In the first instance case of cheating public at large of worth Rs. 211 million, NAB Lahore has arrested accused Qaiser Ahmed. The accused along with principal accused Wazir Ahmed and others carried business of aluminum ingots/bars etc. under the trademark of M/s Orient Kitchen Ware, Gujranwala Metal Exchange and M/s Orient Metal Industry. The accused persons, on promises of exorbitant profits, lured general public to invest with them in their business.
NAB Lahore has already arrested ring leader Wazir Ahmed. Accused Qaiser Ahmed will be produced before accountability court to obtain his physical remand Accused Zahid Parvez Khan has been arrested on allegations of obtaining illegal pecuniary advantages and causing loss to national exchequer. The accused used to collect money from general public on the pretext of payment of utility bills.
Instead of depositing the amount in the bank in NADRA account, the accused used to retain the amount for his personal gain. The accused did not join inquiry proceedings despite repeated warnings and resultantly his arrest came into force. Accused has been produced before the Accountability Court. The Accountability Court granted physical remand into NAB custody till 1st September 2015.
In another Bank Fraud case, accused Khalid Islam Bhatti has been arrested by NAB Lahore on allegations of misuse of authority. The accused assisted and abetted the other accused persons in the preparation of fake and bogus general power of attorney leading to illegal disposal of property. NAB Lahore has obtained physical remand of the accused till 24th August 2015.
For more information, contact:
National Accountability Bureau (NAB)
ATTATURK AVENUE G-5/2, Islamabad
Tel: +92-51-111-NAB-NAB (111-622-622)
Email: email@example.com, firstname.lastname@example.org