Judicial remand till Oct 4 for former NBP president
Sindh High Court had ordered the arrest of Raza after it had set aside Raza’s bail in a case which had been filed by the National Accountability Bureau (NAB), which alleged his involvement in a RS 18bn scam.
So far 16 suspects have been named in the corruption case.
It was argued by the NAB prosecutor on Friday that the 2009 audit report of the bank had revealed irregularities and the State Bank of Pakistan had also expressed their reservations on the financial affairs of the bank.
The prosecutor further informed the court that along with Raza, NBP officials which included, Imran Butt, Ibrar Beg, Imran Ghani and Bangladeshi citizens too were involved in the scam.
An anti-corruption court earlier in July indicted Raza, former member of the Pakistan Banking Council Tajmmul Hussain and others in a corruption reference.
All those who have been indicted were former bankers; the 13 accused are alleged to have committed corruption of billions of rupees during the period of 2003 to 2008. The bankers are also reported to have minted money in the name of welfare of bank employees.
The accountability court had also entertained another corruption case registered against Raza and 16 other officials, including seven Bangladeshi nationals. In this case, the accused are reported to have committed a corruption of around Rs18 billion.
A petition was also filed in the Supreme Court last year seeking the formation of a commission to investigate alleged illegal appointments, corruption and other illegalities committed by NBP’s higher-ups over the past 10 years.
———————————————————————————————–
Watch your favorite programs, documentaries, informative packages and latest NEWS(English and Urdu).
Watch Humsub tv Live Streaming here: Humsub.tv
Read Latest Articles and News here: Pakistan News
———————————————————————————————–