ISLAMABAD: In a recent development in fake bank accounts case on Wednesday, former vice president of Sindh Bank Nadeem Altaf turned approver against Pakistan Stock Exchange chairman and Summit Bank vice chairman Hussain Lawai.
According to details, Nadeem Altaf was presented before the accountability judge Muhammad Bashir as his physical remand expired today.
The NAB officials apprised the court about the suspect turning as an approver in the case and pleaded the court to release him.
The bureau prosecutor told the court that Chairman NAB had accepted the suspect’s request of turning approver in the case.
Later, the court also approved the Altaf’s request and ordered his release.
The suspect is accused of awarding illegal loans to the OMNI group’s front companies. During the investigation, Altaf revealed awarding of Rs. 1billion loan to OMNI group, which was forged.
In a separate hearing of another case pertaining to the same matter, the accountability court sent a man — who is nominated in a case pertaining to money laundering — to jail until September 20 on judicial remand after he withdrew his request to enter a plea bargain with the NAB.