ISLAMABAD: Detained senior officials of Sindh Bank were produced before Accountability Court where they were remanded into the National Accountability Bureau (NAB) custody for 10 days, AbbTakk news reported on Monday.
The NAB produced former Sindh Bank officials including Bilal Sheikh, Tariq Ahsan and Nadeem Altaf in Accountability Court No: 1.
As the hearing went underway, NAB prosecutor in his arguments told the court that the president Sindh Bank Tariq Ahsan made a plan to do fraud with the bank during a meeting in 2016 and granted financing of Rs840 million to unnamed companies of the Omni Group.
Later on, they granted money of Rs1 billion to Rubicon Co. which was then used for Summit Bank, added the NAB prosecutor.
On the other hand, the accused suspects with the help of Banker Hussain Lawai facilitated the Omni Group’s fake companies the prosecutor told the court and pleaded the court for granting a physical remand of the accused.
The court after hearing the arguments of the NAB prosecutor granted a 10 days remand of the accused bankers and handed them over to the anti-graft body’s custody.
It is pertinent to mention here that all the three bankers were detained by the NAB during different raids from Karachi and Lahore on July 10.