Karachi: NAB arrests 2 ex-bankers over fraud
KARACHI: The National Accountability Bureau (NAB), Sindh, has arrested two ex-officials of Habib Bank Limited (HBL) for running parallel bank and misappropriation of Rs 12.910 million of deposit holders.
According to an announcement of the NAB office here on Monday, the accused ex-assistant manager Abdul Majeed Memon s/o Ameer Bux Memon and ex-cashier Nawabuddin Bhambhro s/o Gulam Bhambhro of HBL’s Mehrabpur branch were arrested from Sachal Goth, Karachi, and Taluka Ranipur of Khairpur District, respectively.
The accused though received money from the depositors but did not credit into the accounts, it added.
The NAB had started investigation of the scam on the complaint of account holders on Dec 8, and now arrested the accused.