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Bank Of Punjab: NAB arrests loan defaulters

The bureau chairman has called for an inquiry into the conduct of the company and its directors.

Press Release January 13, 2013 Less than a minute read

LAHORE: NAB Punjab has arrested Javed Iqbal and Abdul Hameed, directors of Pak Hero Industries, for defaulting on a loan of Rs483.399 million extended by The Bank of Punjab. According to a press release, Pak Hero Industries has been a defaulter since 2008 and the State Bank of Pakistan, on a complaint of The Bank of Punjab, has filed a reference against the company and its directors with the NAB chairman. The bureau chairman has called for an inquiry into the conduct of the company and its directors.

Published in The Express Tribune, January 13^th, 2013.

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