The Accountability Court hearing the multibillion rupees fake bank accounts case on Monday granted 10 days physical remand of Chairman Overseas Cooperative Society (OCS) Ijaz Haroon to National Accountability Bureau (NAB).

The NAB officials produced Haroon before Accountability Court Judge Muhammad Bashir and requested for granting 14-day physical remand of the accused for investigation. The NAB official informed the court that the accused had been arrested from Karachi on November 21. There is an allegation of illegal allotments against the accused, they said.

The NAB official told the court that the suspect has allegedly sold 12 fictitious plots of land to an equal number of fake allotees. The transactions of these plots were made through fake bank accounts, they said, adding that these 12 fake plots were allegedly used to launder Rs 144 million for the Omni Group.

They further told the court that the Bureau has found sufficient evidence against the accused.

The defense counsel while objecting to the NAB's request said that plots mentioned by the NAB had been established by the father of the accused and Sindh High Court (SHC) also granted stay over it. The NAB has leveled allegations against his client as it was purchased by the Omni Group, the counsel further said, adding that a large number of transactions had been made from the accounts the NAB mentioned in the allegations.

He said that his client has appeared before the NAB several times. The NAB has obtained all the record from the Registrar Karachi, he added.

The court after hearing the arguments of both the parties granted NAB 10-day physical remand of the accused and ordered to produce him on December 4.

Copyright Business Recorder, 2019