Islamabad: Accused BoP officials granted bail
ISLAMABAD: Former officials of the Bank of Punjab (BoP) Zia–ul–Haq and Numan Arif were released on bail by an LHC division bench here on Tuesday. Former BoP chief Hamesh Khan, who has fled the country and four other top officials of the bank Shoaib Qureshi, Aziz–ul–Hameed, Zia-ul-Haq and Numan Arif had allegedly played major role in awarding Rs 8.6 billion loan on fake documents.
The documents and coll-aterals were declared totally bogus even by the Nadra, The State Bank of Pakistan and other concerned government agencies. Shoaib Qureshi and Aziz–ul-Hameed were ready to plea-bargain with the NAB, certifying that all these officials were involved in the biggest ever fraud of country’s banking history.
The legal team of these former BoP officials argued that the NAB started investigation on the report of a journalist, quoting a senior The News reporter, who had reported first about this massive scandal.
The lawyers argued that as the matter was misreported in the press without any evidence, so the whole investigation conducted by the NAB was biased. NAB’s counsel admitted that although the inquiry was started after The News report, but it has all the documentary evidence to prove the involvement of these official in the crime.
The NAB tried hard to recover the looted money from the fraudulent group, however, the influence of the group on different institutions of the country left the NAB with no option but to surrender.