Lahore: Hamesh, Sheikh Afzal, Seth Nisar indicted in BoP scam
LAHORE: An accountability court on Thursday indicted Hamesh Khan, Sheikh Afzal and Seth Nisar in the Bank of Punjab Rs9 billion scam. On Thursday, the jail authorities produced the accused before the court where all of them refused to accept the charges levelled against them by NAB. At this, the court summoned the prosecution witness on April 17 for regular trial proceedings. On September 27, 2007, the NAB Punjab had filed a reference in an accountability court against 12 people, including six officials of the Bank of Punjab (BoP) and six others accused of Rs9 billion fraud.
The investigation showed that the accused, Sheikh Muhammad Afzal, the director of the Haris Steel, with co–accused Muhammad Munir, Ali Ijaz, Abid Raza and Irfan Ali, in connivance with BoP ex-president Hamesh Khan, Haroon Aziz, Azizul Hameed, Muhammad Shoaib Qureshi, ex-general managers BoP Muhammad Adil Khan, Muhammad Nauman Arif and Muhammad Ziaul Haq, opened 23 fictitious accounts by their fake and forged national identity cards and obtained loans of approximately Rs9 billion from 2005 to 2007 with the help of fake documentation, bogus collaterals, fictitious guarantees and mortgage deals executed by fake persons.
In the reference, the National Accountability Bureau accused Hamesh of misuse of power and sanctioning illegal loans of worth Rs 9 billion while Seth Nisar had been accused of committing willful default of Rs930 million he borrowed from the BoP.