LAHORE – Three people involved in different scams were handed over to Punjab and Sindh chapters of the National Accountability Bureau on remand on Thursday. RS 311M DEFAULTER: An accountability court on Thursday handed over Abdul Qadir Jhangda to NAB Sindh on transit remand of two days. Qadir is involved in a case of ‘willful default’ of Rs 311 million borrowed from KASB and National Bank of Pakistan. Qadir, son of Muhammad Ramzan, a business tycoon of Karachi, will be produced before the accountability court in Sindh on March 19.
He was arrested in Lahore where he gone underground to avoid case proceedings in an accountability court in Sindh.
DOUBLE SHAH’S ACCOMPLICE NOW WITH NAB: An accountability court on Thursday handed over Zahid Farooq Cheema, an accomplice of Syed Sibtul Hassan Gillani alias Double Shah, to NAB Punjab on physical remand till March 31. NAB Punjab had arrested Zahid on the charges of cheating public at large and concealing crime proceeds. Zahid, with the connivance of Double Shah and their associates invited the investors to deposit money with them on the promise of returning their deposits with unprecedented profits after the expiry of a specified period.
CANAL MOTORS SCAM: An accountability court on Thursday handed over Muhammad Anwar Khan, involved in the Canal Motors scam to NAB Punjab on physical remand till March 31.
The accused was involved in concealing crime proceeds with the connivance of Rana Qaisar Nazir. Heavy banking transactions were observed in the accounts of their accounts and their company, Speedy Wheels. The accused collected over Rs 1.2 billion by through fraud and transferred the looted money into accounts of ‘benamidars’.
Three remanded in NAB custody
