Lahore : National Accountability Bureau has arrested 23 people including senior officers of State Life Insurance Corporation in 10.68 millions fraud case. Regional Manager Abdul Basit Qureshi, LG Counselor were also among the arrested accused.
Accountability Court has awarded 10 days remand of all arrested ones for further investigation.
The accused had encashed bogus policies of state life and made huge money .
They received Rs 10.68 millions by depositing 436 cheques in 113 branches of different banks. A few people who never bought the state life policy ,earned money by illegal means.The accused prepared fake papers according to the real policy numbers and cashed them.
According to the spokesman of NAB ; in the course of inquiry complete opportunity was provided to the accused to give their stance; they were confronted with the incriminated material against them.
Those who denied their signatures forensic test / analysis were arranged for them. State life itself complainant in this case .