An accountability court extended on Friday the judicial remand of the four accused in the Bank of Punjab (BoP) fraud case until September 14. Former BoP president Hamaish Khan, former honorary consulate in Kazakhstan Seith Nisar, Sheikh Muhammad Afzal and Sheikh Munir are the main accused in the case involving an embezzlement of Rs 12 billion.
US nationality holder Hamaish Khan had been charged with illegally issuing Rs 6.20 billion in loans to Sheikh Muhammad Afzal, the owner of Haris Steel Mills and Haider Steel Mills. Seith Nisar also allegedly took Rs 930 million illegally from the bank. The court while extending the remand ordered the National Accountability Bureau to file a reference during the next hearing on September 14.
Remand for accused extended in embezzlement case: An accountability court extended on Friday the judicial remand of four accused in the Kanal Motors corruption case until September 9. Four directors of M/S Kanal Motors named Hafiz Usman Yousaf, Rana Qaisar Nazeer, Mohsin Abbasi and Ahsan Abbasi are facing charges of embezzling Rs 1.2 million by luring public into sham car sale and purchase deals. They have also been accused of depositing the swindled money into fake bank accounts.
The court ordered the National Accountability Bureau to file a reference against the accused during the next hearing. AC extends detention of accused in graft case: An accountability court extended on Friday the judicial remand of three accused in an embezzlement case involving Rs 140 million until September 9. Imtinan Saeed, Omeed Ayyaz Mehmood and Faisal Rasheed are facing charges of getting Rs Rs 140 million in loans from the National Bank of Pakistan through fake documents.
Omeed Ayyaz Mehmood was the manager of the NBP Lytton Road branch while Imtinan Saeed was the legal counsel of the bank. Other two accused Imtinan Saeed and Faisal Rasheed allegedly set up five fake firms named M/S Paragon Leather, M/S Imperial Chemicals, M/S Ikhlaq Traders, M/S Y2K Traders and M/S Copier Traders. Hence all of them collaborated, using fake documents, to get five loans worth Rs 140 million from the bank.
Court issues arrest warrant for NAB official: An accountability court issued again on Friday the non-bailable arrest warrant against National Accountability Bureau Punjab Deputy Director Muhammad Rafi. It was for the second time in a week that the court hearing a reference against senior Irrigation Department official Abdul Haleem Qureshi summoned the official. Rafi had not appeared earlier on August 23 in the court and on Friday the judge was annoyed over his absence. The court took serious notice and issued a non-bailable arrest warrant against him for September 12.
Magistrate extends remand of murder accused: A judicial magistrate of Model Town courts extended on Friday the remand of a woman accused of killing her teenage domestic servant until August 29. Saadia Asif, a resident of Valencia Town, had allegedly beaten her servant Usman to death for not serving meal to her pet dog. Police had registered the case against her on the complaint of the father of the deceased.
