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CEO Furniture Pakistan Faisal Shamim arrested

Lahore : NAB has continued making arrest of the accused in Pakistan Industrial Development Corporation corruption case.

Today , another influential accused Faisal Shamim has been arrested who is Chief Executive of Furniture Pakistan .

Faisal Shamim was accused of buying land on high price without observing PPRA Rules and misused his powers as member monitor Committee and made loss of 7 Crores to the National Exchequer. He overall made loss of 13 crores with the connivence of Chief Executive PIDC. He bought a piece of land valuing 5 millions in 75 millions .

NAB investigation officer has taken his remand till 11 January for further investigation . Further arrest is being made in this case.





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