Three more suspects of fake accounts in NAB custody

Sources said the accused caused a loss of R27m to the provincial government exchequer

ISLAMABAD: The National Accountability Bureau (NAB), Rawalpindi on Monday arrested three more suspects in the fake accounts case for causing huge losses to the national exchequer.

According to sources, one of the suspects — finance manager of sugar mills in Tando, Kazim Ali — is accused of embezzling 846 million rupees in collusion with the OMNI group. Others arrested, include Faisal Nadeem and Amanaullah.

Nadeem, the finance manager of Chamber Sugar Mills allegedly received Rs40 million from the Sindh government through fake documents. Moreover, loans worth billions of rupees were also taken through fake documents, sources added.

Sources also said that the accused caused a loss of R27 million to the provincial government exchequer.

The third accused, Amanaullah who is the finance manager of Khuskhi sugar mills, allegedly formed a fake firm and took subsidy of Rs20 million from the Sindh government. As per the sources, Amanullah is also a defaulter of farmers worth Rs18 million.

He caused a loss of Rs20 million by making fake accounts of nine employees, sources said. The accused will be presented before the accountability court on Tuesday (today). Sources said NAB chairman had issued warrants for all the three accused.

Meanwhile, in another fake accounts case, an accountability court in Islamabad handed over three accused — Zulqarnain Majeed, Khawaja Salman and Waheed Ahmed — arrested from Karachi to NAB on a 10-day physical remand.

They were presented by the NAB officials in front of Judge Muhammad Bashir.

The NAB prosecutor in his arguments said that all the three accused caused a loss of more than Rs300 million to national kitty.

Zulqarnain Majeed is accused of embezzling Rs27.8 million in the subsidy provided in the Chambers Sugar Mill. Khawaja Salman allegedly embezzled Rs230 million of the subsidy provided in new Dawood Agri farms and Sajawal agri farms. Waheed Ahmed is accused of embezzling Rs76.3 million in the Tando Allayar Sugar mills.

The defense lawyer opposed the physical remand but the court after listening to the arguments of the respondents handed over the accused to 10-day physical remand. Further hearing of the case has been postponed till the June 27th.