National Accountability Bureau (NAB) Friday informed the Accountability Court that another accused of the multibillion rupees fake bank accounts case, an official of Sindh Bank, has filed an application to turn an approver.
During the hearing of the case, Accountability Court Judge Shahrukh Arjumand was informed by the NAB that Syed Nadeem Altaf, Executive Vice-President of Sindh Bank, has filed an application to become an approver. The NAB prosecutor told the court that Altaf's application is under process.
The NAB official produced Altaf before the court on expiry of his remand and requested to extend his physical remand for 14 days to conduct further investigation.
The court approved the NAB's request and extended his physical remand till September 5. The NAB on July 10 arrested Altaf, Tariq Ahsan, President Sindh Bank, and Bilal Sheikh, ex-president of Sindh Bank who is currently working as Director Sindh Bank.
According to the NAB, Ahsan had allegedly planned a fraud in 2016. The accused in connivance with Bilal and Altab had allegedly facilitated a loan worth Rs 840 million to unnamed companies of Omni Group. Later, this amount was given to a bank for investment.
Bilal Sheikh also allegedly facilitated a finance fraud in 2014 with the help of other bank officers. A huge amount was given to an unnamed company as loan, he said, adding that Omni Group was allegedly involved in the crime.
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