LAHORE – An accountability court extended the physical remand of Anwar Khan until April 28 on Thursday. Khan was arrested on embezzlement charges and cheating public at large in the Canal Motors’ scam. Khan was involved in concealing crime proceeds with the connivance of Rana Qaisar Nazir. Illegal banking transactions were observed in the accounts of the accused and their firm, Speedly Wheels. The accused collected over Rs 1.2 billion by cheating public at large and transferred looted money into accounts of ‘benamidars’.
DOUBLE SHAH’S PARTNER’S REMAND EXTENDED:An accountability court extended the physical remand of Zahid Farooq Cheema, an accomplice of Syed Sibtul Hassan Gillani alias Double Shah, until April 28 on Thursday. Cheema was arrested on the charges of cheating public at large and concealing crime proceeds. Cheema in connivance with Double Shah, their associates and relatives lured investors to deposit money with them on the promise of returning their deposits with unprecedented profits, and later on misappropriated the money.
