NAB arrests Manager of HBL & two others in Mega Scam of
Chitral Times Report
PESHAWAR: NAB Khyber Pakhtunkhwa today arrested Sardar Khan,
the then Branch Manager Habib Bank Limited Khar Bajour Agency,
Muhammad Ayub, Cash Officer Habib Bank Limited Khar Bajour Agency
and Muhammad Riaz. They are allegedly involved in embezzlement of
funds for Compensation payment made to the affectees of Terrorism
after operation in Bajour Agency (FATA) causing huge loss of Rs.
300 million to national exchequer.
As per Details, the Government of Pakistan announced compensations
to the affectees of Mohmand and Bajour Agencies @ Rs.160,000/- for
partially damaged houses and Rs.400,000/- for complete damaged
During the course of inquiry, it was revealed that the accused
Sardar Khan & Muhammad Ayub in the capacity of Branch Manger and
Cash Officer HBL Inayat Kalay Bajour respectively opened fake/bogus
bank accounts in the name of hundreds of individuals and
facilitated the embezzlement. However, Accused Muhammad Riaz Khan
acted as a front man for Inayatullah, Agency coordinator. He aided
& abetted other accused in inclusion of fake survey forms in the
payment lists and withdrawal of money from the fake bank accounts
opened in the name of individuals.
It merits mentioning here, Arshad Khan Ex-Director General FDMA,
Irfanullah Assistant Director FDMA Inayatullah, Agency Coordinator
and Muhammad Iqbal Ex-Branch Manager HBL Khar Bajour has already
been apprehended in the instant case. Further, an amount of Rs 90
million has already been recovered through Plea Bargain.
NAB Khyber Pakhtunkhwa is actively pursuing the case and alarming
facts are surfacing. The accused persons are being produced before
Accountability Court Peshawar for obtaining his physical remand.