LAHORE – An accountability court on Wednesday handed over Javed Iqbal, partner of M/s Khalid Oil Mill, Vehari to the National Accountability Bureau (NAB) on physical remand until April 13.
The accused has been arrested on charges of bank loan fraud of Rs 4.691 million. Javed, along with Muhammad Shafi, took a loan worth Rs 5.5 million from MCB Bank, Vehari against pledged stock. Both of them misappropriated the pledged stock illegally without paying back the loan.
Bank loan fraud accused sent on remand
