Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

National

July 26, 2017
Advertisement

NAB arrests former bank manager for fraud

National

July 26, 2017

Share

LAHORE: The National Accountability Bureau (NAB), Lahore arrested a former manager of a private bank on the charges of embezzlement of Rs11.77 million.According to a NAB spokesman, the accused identified as Mushtaq Ahmed had been an absconder since 2007.

The spokesman said NAB Lahore received embezzlement complaint against Mushtaq and an inquiry was authorised regarding corruption and corrupt practices. It was revealed that the accused was operating five fictitious accounts in the name of bogus account holders and transferred hefty amounts into these accounts by allegedly using demand, finance and loan facilities, he added.

The spokesman said, later, the accused in unfavourable circumstances managed to abscond whereas NAB Lahore filed a reference in Accountability Court in 2008. Subsequently, the accused was declared a proclaimed offender by the court.The NAB Lahore on Tuesday arrested Mushtaq Ahmed from Lahore and acquired 10-day physical remand for further investigations.

Advertisement

Comments

Advertisement

Topstory

Opinion

Newspost

Editorial

National

World

Sports

Business

Karachi

Lahore

Islamabad

Peshawar