National Accountability Bureau (NAB) Khyber-Pakhtunkhwa (K-P) Director General Irfan Naeem Mangi disbursed cheques amounting to Rs997,374 amongst 27 affectees of a banking scam on Thursday.
M/S Perennials Private Limited, a forex company based in Lahore with a branch office at University Road, Peshawar, violated government regulations and reportedly swindled people out of $241,225 through false profit incentives.
The bureau arrested two out of the seven accused company directors and booked them for cheating the public at large. The accused filed for a plea bargain and volunteered to return the looted money which was distributed on Thursday during a ceremony.
Restaurants sealed
NAB K-P sealed the restaurants Dewan-e-Khas and Coffee Pot in Ladies Club on University Road on Thursday, based on charges of illegal construction. NAB K-P had received a complained earlier that the administration granted a 33-year-long lease based on favouritism and nepotism. The properties were sealed and further investigation is under way.
Published in The Express Tribune, October 3rd, 2014.
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