Accountabi-lity Court has convicted Sh Kamran Mehdi, Chief Executive/Director Mehdi Securities (Pvt) Ltd for 14 years imprisonment with fine of Rs 27.1 million to be recovered in arrears of Land Revenue in a Reference No 27/2010 filed by NAB Punjab.
NAB Punjab filed reference No 27/2010 in Accountability Court against the above mentioned accused on the charges of misappropriation and embezzlement of an amount of Rs 77.21 million through illegal trading of share on behalf of various investors and deprived them of their hard earned money. The accused was arrested on 26th October 2010. The amount of Rs 51.89 million have already been recovered and paid to the claimants/investors of Mehdi Securities (Pvt) Ltd. Accountability Court announced Judgement on Tuesday and sent all the accused to jail.-PR