KARACHI Sept 23 (TNS): Former National Bank of Pakistan president Ali Raza and three other suspects involved in 18 billion rupees scam were sent to judicial remand till Oct 4 by an accountability court in Karachi on Saturday.
Raza was arrested on Friday on the orders of the Sindh High Court after it set aside Raza’s bail in a case, filed by the National Accountability Bureau (NAB), alleging his involvement in a Rs 18bn scam. As many as 16 suspects have been named in the corruption case.
The NAB prosecutor on Friday argued in court that the 2009 audit report of the bank had revealed irregularities and the State Bank of Pakistan had also expressed their reservations on the financial affairs of the bank.
He informed the court that along with Raza, NBP officials including, Imran Butt, Ibrar Beg, Imran Ghani and Bangladeshi citizens too were involved in the scam.
An anti-corruption court earlier in July indicted Raza, former member of the Pakistan Banking Council Tajmmul Hussain and others in a corruption reference.
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Ex-NBP president Ali Raza arrested on SHC orders
All those who were indicted are former bankers; the 13 accused are alleged to have committed corruption of billions of rupees during the period of 2003 to 2008. The bankers are also reported to have minted money in the name of welfare of bank employees.
The accountability court had also entertained another corruption case registered against Raza and 16 other officials, including seven Bangladeshi nationals. In this case, the accused are reported to have committed a corruption of around Rs18 billion.
