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NAB arrests accused allegedly involved in illegal,unauthorised fund transfer.

KARACHI -- The National Accountability Bureau (NAB) Karachi has arrested an accused identified as Abdul Ghaffar S/o Abdul Sattar.

A NAB Karachi statement on Thursday said that he was arrested from his residence in Karachi in compliance of the warrant of arrest issued by Accountability Court No.111 at Karachi Thursday.

He was one of the three accused in Reference No. 26/2015 (State Vs Mohammad Khuram and others) under trial at Accountability Court in Karachi, the NAB Karachi statement added.

It said that the accused Abdul Ghaffar was one of the beneficiaries of the illegal and unauthorized transfer of funds from the bank accounts of M/s IGI Finex Securities Pvt Ltd maintained at MCB Bank.

The accused is allegedly involved in Rs. 1.4 million misappropriation, the statement said.

In another case, NAB has arrested accused Shamim Alam. He had been unauthorizedly granted loan by Abdul Latif Baig, the then manager of National Bank of Pakistan, Rahimabad Branch, Karachi.

A reference has already been filed against Abdul Latif Baig and others before Accountability Court at Karachi.

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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Sep 18, 2015
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