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April 19, 2019

NAB arrests another accused in fake bank accounts scam

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April 19, 2019

ISLAMABAD: The National Accountability Bureau (NAB) Rawalpindi has arrested Director of M/S Parthenon Pvt Ltd Muhammad Iqbal Khan Noori in the fake bank accounts scam.

Muhammad Iqbal Khan Noori was arrested for investigation against the holders of public office, legal persons and others in fake bank accounts scam regarding corruption and corrupt practices in extending loan and its misappropriation by front company M/S Parthenon Private limited of M/S Park Lane Estates Pvt Ltd and others. Noori, managed to obtain Rs1.5 billion loan from NBP and Summit Bank, which subsequently increased to more than Rs3.5 billion through corruption and corrupt practices thus obtained illegally pecuniary advantage for M/S Parthenon Pvt Ltd through collusion, deceitful and dishonest means.

The NAB claimed that the company M/S Parthenon Pvt Ltd is affiliated with the Park Lane Estate Pvt Ltd. Subsequently, an accountability court sent him on a 14-day physical remand under the NAB’s custody.

Meanwhile Accountability Court, Islamabad, extended the 10-day physical remand of two accused in the mega money laundering and fake bank account case and handed over to NAB. The NAB produced Muhammad Arif and Muhammad Umair of the Omni Group before the Accountability Court-II Judge Arshad Malik after their physical remand had ended.

During the hearing, NAB officials requested the court to grant 14-day physical remand of the accused, as they have to recover more documents and conduct more investigations. The counsel for the accused raised objection over the NAB request and stated before the court that NAB has arrested his client Umair without any reason.

After hearing the arguments the accountability court granted 10 days physical remand of the accused and directed NAB to allow the accused to meet the family members and adjourned the hearing till April 29.

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