Lahore: Bank scam warrants for 13
LAHORE: A judge of special court (Banking Offences) Justice Akram Baitu (retired) on Monday issued arrest warrants for 13 people including directors of a UK-based finance company involved in a £120 million scam. The accused include Muhammad Luqman, Shahid Luqman, Munnaza Luqman, Zorina Luqman, Waheed Luqman, Sharifan Luqman and others who are the directors of Lexi Holding Private Limited Company.
The company had been extending investment in real estate business in collaboration with the Barclay Bank, UK. According to the complaint filed by the Barclays Bank, the accused got £120 million financed from the bank and later secretly operated another account with United National Bank of London and got the whole amount transferred in different Pakistani banks through the said illegal bank account.
All the directors, who belonged to Gujarat, are out of country while bail bonds on behalf of Muhammad Luqman, Muhammad Latif and Chaudhry Salamat have been furnished. The proceedings will resume on Aug 27.