PESHAWAR: Khyber Pakhtunkhwa (KP) National Accountability Bureau (NAB) on Wednesday arrested former Nestle Pakistan Limited, Peshawar area sales manager Jamal Khan Khattak for allegedly cheating public at large.
In a statement, KP NAB said Jamal Khan Khattak was arrested for involvement in cheating public at large and fraudulently collecting Rs145 million from innocent people in the name of fake investments in Nestle.
According to details, the accused, in connivance with other co-accused persons, lured innocent people to give him their hard-earned money for fake investments including vendor services in Nestle. The victims deposited money into his account through bank drafts/cheques and paid him through different other means as well.
Initially, the accused paid abnormally high profits to investors and later on, he not only stopped paying profits but also disappeared without returning the principal amount to the victims.
When the victims approached Nestle, they found out that the business of the accused had no affiliation with the company.
The KP NAB has filed a reference against the accused person in accountability courts.