National Accountability B, Sindh has filed a reference against accused Akbar Ali Abbasi, son of Ali Nawaz Abbasi, ex-Manager Small Business Finance Corporation (SBFC), (now renamed as SME Bank), Larkana and Shikarpur branches from 1994-99.
According to the NAB, here Tuesday while posted as Manager, SBFC (Larkana and Shikarpur branches) the accused dishonestly and fraudulently misappropriated funds of SBFC amounting to Rs 9.355 million by committing breach of trust and misuse of authority, being a holder of the public office.
In the process, he obtained fraudulent loans for his own, but in the name of various persons, who were absolutely ignorant of any transaction with the SBFC, whatsoever.
The accused has already deposited Rs 3.345 million towards adjustment of these loans.
However, an amount of Rs 8.855 million, including the mark-up till 30.6.2002, is still outstanding for which the reference has been filed in the Accountability Court.
The NAB said the accused could not be arrested so far. However, efforts are being made for his early arrest.