Lahore: Nab arrest banker for embezzlement
LAHORE: The National Accountability Bureau (NAB) arrested Askari Bank Vice-President (Punjab region) Khawar Rasheed after a division bench of the Lahore High Court on Wednesday cancelled his interim bail in an embezzlement reference.
The NAB accused him of embezzling Rs200 million in accounts of Bank Al-Falah during his stint as manager operations at Cantonment (Tufail Road) branch.
It said the accused in connivance with Muhammad Sajjad Khan, Misbah Shaukat and other bank officials drew huge money from various Pakistani and foreign currency accounts.
The NAB will produce the accused before an accountability court to obtain his physical remand.