NAb arrest 5 accused including 4 Bankers in a fraud case

Lahore: NAb has arrested 5 accused including 4 Bankers and a urea dealer in a fraud case of 1.6 billion Rs. of National Fertilizer marketing limited.

Manager and operation manager Muslim Commercial Bank ,Lahore Toqir Hassan and Muhammad Farooq Khan ,former manager HBL,Sialkot Farooq Ehsan Bhatti,operation manager HBL,Sialkot Muhammad Yasir Nazeer and urea dealer NFML Ch Abdur Rehman Bhatti were among the arrested accused.

The accused have been arrested on the allegations of fraud,forgery,misuse of authority and causing loss to national exchequer .The accused in connivance with others helped the dealers to purchase more than 59000 metric tons of urea in back dates on rates less than the ones applicable at that time.

The arrested bank officers facilitated the urea dealers in this criminal act by preparing bankers cheques in back dates.This act of the accused persons created artificial shortage in the market and caused panic among the farmers.The accused have been remanded into physical custody with NAB till 8th of December,2015.

In the same case,NAB has already arrested 10 accused.