Court sends Callmate Ltd ex-director on judicial remand

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Accountability Court No IV, Karachi Saturday sent accused Ex-director of Callmate Ltd Nadeem Ahmed advocate to jail on judicial remand till July 10 in Rs 5 billion fraud case.
National Accountability Bureau (NAB) Sindh arrested the absconding accused Nadeem Ahmed on non-bailable warrants issued by the Accountability Court in a NAB reference in respect of the fraud. According to NAB sources, seven persons including former directors, former CFO of the company and others were nominated as accused in the reference. The investigation into Rs 5 billion scam was initiated by the NAB on the complaint of management of Callmate who took over the company from accused on the basis of major share holding.
After investigation it was prima facie proved that the accused ex-directors and others remained indulged into: Cheating public at large by issuing calling cards to general public all over the country worth Rs 120 million while neither the cards were activated nor amount returned to the public as yet.
Cheating with PTCL, PTA, FBR approximately amounting to Rs 2 billion, syphoning of funds abroad on the pretext of phony sales approximately amounting to Rs 2 billion, — misuse/syphoning of company funds for purchase of properties illegally by ex-management approximately amounting to Rs 500 million. On the basis of investigation team’s report, NAB filed reference in the Accountability Court and subsequently non-bailable warrants were issued against all the accused, the sources said. Raids are being conducted for arrest of the remaining accused including ex-director Jameel Ansari, ex-CFO Imran Mehmood and others, they added.
Robbers kill shopkeeper: Dacoits on Saturday killed a shopkeeper over his resistance during a robbery attempt in Hyderabad. Police said three armed robbers entered a shop in city’s Sakhi Pir road to loot the store, but shot the shopkeeper dead when he resisted. He was identified as Zubairuddin.

2 COMMENTS

  1. Its never happend they give card without activated its a honest company callmate its a best card 2003 till 2008 they make fake case to all mangement because of some personal revenage and try to save some broker and all try to all burden to management because this company its best calling card company create a fake dues and create a case to some selected people who they have a targeted. whatever dues they said wrong figures put and create misguide the judicary and nab callmate is the best calling card you asked anyone they gave 100 % whatever they said .this scam its totally fake and try to involve some inosent people they target them .why they not call them and asked them what is the reality before release a non bailable warrant . every one have a right to save us but they try to trap them .they all are respected people of our country they are not a criminals so they have to protect them these thing will create .these people who want this compnay . this campany destroy those people who want this company. only Allah knows they are innocent they have to clear there stand why they release non bailable

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