The National Accountability Bureau (NAB)-Karachi arrested accused Muhammad Arshad Latif during a raid in Multan.
According to a statement released here on Friday, Latif was wanted regarding investigation no. 242130 against the directors and guarantors of M/s Hilton Trans Limited (a transport company) and others, in a wilful default loan.
The accused acted as the director of M/s Hilton Trans Ltd and is alleged to have wilfully defaulted an amount of Rs140 million under the lease finance facility availed from M/s KASB Bank (now Bank Islami).
The accused will be produced before the accountability court on Saturday, December 24 for physical remand.
Another accused and director of the same company, Qamar Mehmood Khan, was arrested on Nov 15 for involvement in the same case, the statement added.