NAB (Rawalpindi/Islamabad) investigation teams have arrested three accused persons including Regional Distribution Head Fahad Amin Sahibzada S/o Mian Aminullah, Operational Manager Sohail Sardar S/o Muhammad Sardar and Muhammad Ali S/o Jhangir Pervaiz in a case of embezzlement in the NIB Bank.
The accused Fahad Amin Sahibzada has been arrested on the allegation of misusing his authority and committing illegal and fraudulent activities which caused a loss to the NIB bank of Rs 176.72 million. The amount was transferred through a fake fund transfer request to a personal bank account maintained at JS bank F-7 Branch, Islamabad.
Accused Muhammad Ali S/O Jhangir Pervaiz maintained a bank account in NIB Blue Area branch in the name of Solution Unlimited. The account was used as a parking account for embezzled money which was later routed to other accounts, thus causing a loss of millions of rupees to NIB Bank in connivance with Fahad Amin Sahibzada, Sohail Sardar and others.
DG NAB Rawalpindi Zahir Shah said that in light of the directions of NAB Chairman Qamar Zaman Chaudary, all out efforts are being made to recover the looted money from swindlers and corrupt individuals. He said the NAB chairman has categorically directed all the officials of NAB to pursue corruption cases proactively as per NAB’s Standard Operating Procedures (SOPs), in a transparent and merit-based manner and take necessary measures to arrest corrupt and proclaimed offenders in order to eradicate corruption from the country.
