Nabbed: Accountability bureau arrests three for fraud
The bureau would produce Qaiser Ahmed before an accountability court to obtain his physical remand
The bureau would produce Qaiser Ahmed before an accountability court to obtain his physical remand. STOCK IMAGE
ISLAMABAD:
The National Accountability Bureau (NAB) Lahore has arrested suspects Qaiser Ahmed, Zahid Parvez Khan and Khalid Islam Bhatti for causing a loss to the national exchequer and cheating the people at large.
In the first instance of cheating the people at large, the bureau nabbed Qaiser Ahmed in connection with a Rs211 million-case. Ahmed was in the business of aluminium products along with one Wazir Ahmed and other suspects. The accused used to operate under the trademark of M/s Orient Kitchenware, Gujranwala Metal Exchange and M/s Orient Metal Industry. They used to lure the people to invest in their concerns by promising exorbitant profits. The NAB had earlier nabbed Wazir Ahmed. The bureau would produce Qaiser Ahmed before an accountability court to obtain his physical remand.
Zahid Parvez Khan was arrested on allegations of obtaining illegal pecuniary advantages and causing a loss to the national exchequer. Khan used to collect money from the people on the pretext of clearing utility bills. Instead of depositing the monies collected, Khan used to hold on to the amount for his personal gain. The suspect was arrested after he did not join inquiry proceedings despite repeated warnings. Khan was produced before an accountability court. The court granted his physical remand to the NAB till September 1.
Khalid Islam Bhatti was arrested on allegations of misusing authority in connection with a case of bank fraud. The suspect had assisted and abetted other suspects in producing a bogus general power of attorney that had resulted in the illegal disposal of property. The bureau has obtained the suspect’s physical remand till August 24.
Published in The Express Tribune, August 20th, 2015.
The National Accountability Bureau (NAB) Lahore has arrested suspects Qaiser Ahmed, Zahid Parvez Khan and Khalid Islam Bhatti for causing a loss to the national exchequer and cheating the people at large.
In the first instance of cheating the people at large, the bureau nabbed Qaiser Ahmed in connection with a Rs211 million-case. Ahmed was in the business of aluminium products along with one Wazir Ahmed and other suspects. The accused used to operate under the trademark of M/s Orient Kitchenware, Gujranwala Metal Exchange and M/s Orient Metal Industry. They used to lure the people to invest in their concerns by promising exorbitant profits. The NAB had earlier nabbed Wazir Ahmed. The bureau would produce Qaiser Ahmed before an accountability court to obtain his physical remand.
Zahid Parvez Khan was arrested on allegations of obtaining illegal pecuniary advantages and causing a loss to the national exchequer. Khan used to collect money from the people on the pretext of clearing utility bills. Instead of depositing the monies collected, Khan used to hold on to the amount for his personal gain. The suspect was arrested after he did not join inquiry proceedings despite repeated warnings. Khan was produced before an accountability court. The court granted his physical remand to the NAB till September 1.
Khalid Islam Bhatti was arrested on allegations of misusing authority in connection with a case of bank fraud. The suspect had assisted and abetted other suspects in producing a bogus general power of attorney that had resulted in the illegal disposal of property. The bureau has obtained the suspect’s physical remand till August 24.
Published in The Express Tribune, August 20th, 2015.