NAB arrests two POs in corruption case

NAB Rawalpindi arrested proclaimed offenders Asif Hussain and Ali Abbas Nasir in a corruption case.
Accused got registered a firm namely Al-Abbas Enterprises with the purpose of import, export and supplies of chemical and pharmaceutical products whereas no such business was existed.
The accused prepared bogus and forged documents which were submitted by Al-Abbas Enterprises and got a loan from UBL and caused a huge loss to UBL.
In another case, NAB Rawalpindi also arrested Shahid Aziz, accused of corruption of billions of rupees in Modaraba case and cheating public at large in the ploy of Islamic mode of investment.
As per details, the accused was actively involved in cheating the public in the poly crime of taking money from people for investment. The accused acted as director of M/S Elixir Group and signed the modaraba namas. The members of the public alleged in their claims that accused Shahid Aziz took the investment and aided his real brother to misappropriate the money.