LAHORE – An accountability court on Monday extended the physical remand of Imtinan Saeed Advocate, Omeed Ayyaz Mehmood and Faisal Rasheed till January 24. They were involved in the embezzlement of Rs 140 million obtained from National Bank of Pakistan (NBP) as loan through fake documents.
The accused Omeed Ayyaz Mehmood was the manager of National Bank of Pakistan Lytton Road Branch while Imtinan Saeed was the legal council in the same bank. Imtinan Saeed and Faisal Rasheed made fake documents of five different firms: Paragon Leather, Imperial Chemicals, Ikhlaq Traders, Y to K Traders and Copier Traders. The accused got five different loans worth Rs 140 million in the name of their fake firms from National Bank Pakistan Lytton Road Branch.
