NAB arrests ex-official of company for Rs145m fraud

PESHAWAR: The National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested a sales manager of a company for alleged fraud.

A press release said Jamal Khan Khattak, former Area Sales Manager, Peshawar, Nestle Pakistan Ltd, was allegedly involved in cheating public at large. He was accused of fraudulently collecting Rs145 million from innocent people in the name of fake investments in the company.

The accused in connivance with other co-accused persons lured innocent people to give him their hard earned money for fake investments including vender services in Nestle’ Pakistan Limited.

The affectees deposited the money in the account of the accused person through bank drafts/cheques as well as paid them through different means. The accused initially paid abnormally high profits to investors. Later, he not only stopped paying profits but also disappeared from the scene without returning the principal amount to the affectees.

The affectees approached company and found that the business of the accused had no affiliation with the company. It merits a mention here that NAB KP has filed reference against the accused person in accountability courts.