NAB arrests PIDC scam case accused

LAHORE: National Accountability Bureau (NAB) Lahore Wednesday arrested an accused in Pakistan Industrial Development Corporation (PIDC) embezzlement case. According to a NAB spokesman, the suspect was identified as Ahmed Bilal Cheema. He said the NAB is investigating financial embezzlement worth Rs 103.25 million in PIDC during the process of land purchase in Sargodha by National Industrial Parks Development (NIPD), a subordinate organisation of PIDC. Meanwhile, he added, NAB arrested former PIDC CEO Khalid Mehmood Chadda and his accomplice Muhammad Zubair on substantial evidence of embezzlements and gratifications for incurring a loss of Rs 103.25 million.