Accountability courts extend remand | Pakistan Today

Accountability courts extend remand

An accountability court on Wednesday extended the judicial remand of Adil Saleem Tikka till June 6. Tikka was co-accused in a fraud case regarding transfer of property owned by Sheikh Muhammad Ayub, bearing no 1-E/III, Main Boulevard near UCH Gulberg-III, commonly known as Qasr-e-Zouk, through fake documents. The National Accountability Bureau (NAB) had nominated Tikka in the case following directions by the Supreme Court during the hearing of suo motu notice in this regard.
The court, while extending the judicial remand, asked NAB authorities to file a reference against the accused by the next date of hearing. In a separate case, an accountability court on Wednesday extended the physical remand of Javed Iqbal and Muhammad Shafi, partners in Khalid Oil Mills, Vehari till May 31. Both were involved in a Rs 4.69 million bank loan scam.
Iqbal and Shafi had availed running cash facilities from Muslim Commercial Bank, Vehari in 2003-04 against a pledged stock of cotton seed oil and sunflower oil cake. Subsequently they misappropriated the stock without paying the outstanding liability thus causing a loss of Rs 4.69 million to the bank.

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