Former ZTBL manager sent to NAB custody

Suspect allegedly involved in lending and issuing payments

LAHORE: National Accountability Bureau (NAB) Lahore has arrested an ex-manager of Zarai Taraqiati Bank Limited (ZTBL) Zulqarnain Chaudhry over allegations of embezzling millions of rupees during his tenure as manager at ZTBL District, Lahore.

ZTBL’s zonal office had forwarded a complaint to NAB Lahore against Chaudhry who was accused of misuse of authority, misappropriation and embezzlement of government funds worth millions of rupees in connivance with other co-accused through different loan schemes offered by ZTBL.



The bureau said the corruption was enabled by the submission of defective documents for lending and issuing payments to people who did not even apply for loans nor signed loan case documents.

Moreover, accused Zulqarnain Chaudhry made payments of loans in the name of borrowers who died before receiving any loan payments, whereas, the payments were also made to individuals in some cases where mobile credit officers (MCOs) did not recommend the loan case.

NAB disclosed that the accused former manager exceeded his financial sanctioning and administrative powers as described in relevant laws, rules and embezzled government funds.

Published in The Express Tribune, November 30^th, 2017.