Lahore: NAB files reference against 6 accused
LAHORE: The National Accountability Bureau (NAB), Punjab has filed a reference against six accused involved in a bank fraud case and misappropriating an amount of Rs 91.748 million. According to NAB sources, the HSBC Bank, London has lodged a written complaint with the NAB through its branch located in Karachi that some persons committed a fraud with the HSBC Bank by opening fake accounts in their London branch and huge amounts were transferred through fake swift messages to Pakistan and Japanese bank accounts. The State Bank of Pakistan, in its Suspicious Transaction Reporting (STR), informed the chairman NAB in 2006 about the same fraud case. The Allied Bank Ltd has also lodged a complaint with the NAB against an accused, Shahzad Khan, allegedly involved in this fraud. NAB investigations have proved that accused Habib Azhar alias Muhammad Fiaz Iqbal, Shahzad Khan alias Muhammad Sarwar, Yasir Arafat, Abdul Farooq, Farzand Naseem alias Fregeand Naseem and Farzana Naseem committed frauds with different banks and caused a total loss of Rs 91.748 million to the banks with the abetment of each other.
The HBL Corporate branch, Faisalabad suffered a loss of Rs 47.532 million; Prime Commercial, Egerton Road, Lahore Rs 25.966 million; Meezan Bank, Serena branch, Faisalabad Rs 17.250 million; and ABL Kotwali Road, Faisalabad suffered a loss of Rs 1 million.
The claim of the M/s Nobel Money Changers worth Rs 1.9 million is in addition to the losses incurred by the banks. During the course of inquiry, Mehran Bibi, Mumtaz Bibi, Sharifan Bibi and Sakina Bibi offered to enter into Voluntary Return Agreements, which were accepted by the competent authority and they returned a total amount of their liability worth Rs 51.319 million through Voluntary Returns.
However, accused Farzana Shaheen initially offered in writing to enter into Voluntary Return but later resiled.
The accused used the modus operandi of offence by opening different bank accounts on the basis of fake ID cards in various Pakistani banks. Using these accounts, they transferred amounts which were sent through fake swift messages from London.
The accused were the main beneficiaries of these remittances, as the money transfers from different accounts ended in their accounts. Two of the accused are British national and one of them used a fake British passport with the name of Muhammad Sarwar. However, it was revealed on verification that the the same passport number belonged to Shahzad Khan.