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    July 16, 2016

Detail

 


NAB arrests Manager of HBL & two others in Mega Scam of Compensation Payments

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 houses.

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.

 

 

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