LAHORE – An accountability court on Friday re-opened the case filed against Syed Fiaz Hussain Shah, partner of Syed Sibt-ul-Hassan Saha alias Double Shah, while fixing February 3 as the date of hearing.
Earlier, the case was consigned to record, owing to accused’ non-appearance. Yesterday, the court issued show-cause notice to investigation officer of the reference as to why he had not yet filed the list of properties of the accused.
Fiaz Shah was co-accused in a financial scam, in which he with Double Shah, offered public at large to invest their money with the accused for make it double in 75 days, and in this way they collected Rs 9,091 million from 46,364 citizens.
SENT ON REMAND: An accountability court on Friday sent Muhammad Mansoor Khan to jail on judicial remand till January 29. Earlier, National Accountability Bureau (NAB) had produced accused before the court after the completion of physical remand of 90 days. During the hearing, investigation officer stated that the accused had offered NAB to enter into an agreement of plea bargain which was rejected. Mansoor was director of Cash Gold Pvt Ltd and embezzled Rs 16.6 million.
NON-BAIL ABLE WARRANTS: An accountability court on Friday issued non-bail able warrant of arrest of Falak Sher, co-accused of Muhammad Sultan alias Sheikh Sanatha till February 18. The accused offered attractive investment plan to public at large and embezzled millions of rupees.
An accountability court on Friday issued non-bail able warrant of arrest of Naimat Ullah Sajid and another, nominated in a reference of cheating with public at large till February 1.
An accountability court on Friday issued non-bail able warrant of arrest of Muhammad Altaf Khan, nominated in United Bank Limited fraud reference till February 1. A new reference has been filed against the accused that he committed a fraud in UBL when he was working there and embezzled millions.
The court had fixed January 21 for the attendance of accused but they did not turn up, so the court issued their non-bail able warrant of arrest.
REMAND EXTENDED: An accountability court on Friday extended the physical remand of Askari Bank Vice President and Bank Al-Falah ex-manager Khawar Rasheed till January 31. He was arrested on the charges of embezzlement of Rs 200 million through fraud, misuse of authority and criminal breach of trust. While posted as Manager Operations in 2006 at Bank Al-Falah, Taufal Road branch, the accused in connivance with Muhammad Sajjad Khan, Misbah Shaukat and others made withdrawals from various Pakistani and foreign currency bank accounts without proper verification.
An accountability court on Friday extended the judicial remand of Kanal Motors Director Hafiz Usman Yousaf and Rana Qaisar Nazeer, Mohsin Abbasi and Ahsan Abbasi till February 2.
The accused being the executives of Kanal Motors offered attractive packages of profit on investment in sale and purchase of cars and embezzled millions.
The court while extending the remand directed NAB authorities to file the reference against the accused by the next date of hearing.
Double Shah’s partner’s case re-opened
