Court extends remand of two accused in Rs 16 billion scam


An accountability court on Thursday extended the physical remand of Hammad Arshad, owner of Globaco (Pvt) Ltd, and Brigadier (r) Khalid Nazir Butt, former project director DHA City Lahore, for another 12 days in Rs 16 billion scam.

Earlier, the National Accountability Bureau (NAB) officials produced both the accused before accountability court.

The officials submitted that investigations were being carried out from both the accused and further physical remand was required for the purpose. They requested the court to extend the physical remand of both the accused for another 15 days.

However, the Court extended the physical remand of the accused for 12 days and directed officials to produce the accused in the court at the next hearing.

The NAB arrested Hammad Arshad on charges of corruption and cheating whereas Brigadier (r) Khalid Nazir Butt was arrested on charges of misuse of authority, criminal breach of trust, cheating public at large and misappropriation of funds.