LAHORE – An accountability court on Friday sentenced Astro Financial Information and Database Services (Pvt) Ltd CEO Muhammad Shahzad Anjum to 14 years in prison and fined him Rs 49.768 million in a fraud case. Anjum invited the investors to deposit money with him on the promise of returning their deposits with unprecedented profits after the expiry of a specified period. In this way, he embezzled Rs 49.768 million from 70 investors. EX-HAJ DIRECTOR’S REMAND EXTENDED: An accountability court on Friday extended the physical remand of former Haj director Rao Shakeel Ahmad until April 15. Rao was arrested on March 17 from Lahore on charges of maintaining various bank accounts through which he made heavy transactions.
