Peshawar: 3 held in Rs24.3m fraud case
PESHAWAR: The National Accountability Bureau (NAB) on Thursday arrested three persons for fraudulently withdrawing Rs24.387 million from a private bank.
The three persons, including an ex-manager of the Bank Al–Baraka Raheel Sabir Jadoon, Samiullah and Mansoor Ali Khan had withdrawn Rs24.387 million through the Al–Falah Quick Facility from the Bank Al–Falah, Haripur branch, by showing fake pledge of Amdani Certificate of Al–Baraka, Mansehra branch.
The fraud was exposed when the Bank Al–Falah made correspondence with Bank Al–Baraka for renewal of the facility after its expiry on December 31, 2012, but the latter disowned any such facility granted to the accused. The NAB arrested the accused from Islamabad and produced them before the Accountability Court, Peshawar.