NAB arrests PO of Rs10 million fraud case from Sheikhupura | Pakistan Today

NAB arrests PO of Rs10 million fraud case from Sheikhupura

LAHORE: Following the instructions of National Accountancy Bureau (NAB) Chairman Justice (r) Javed Iqbal regarding the early arrests of all proclaimed offenders (POs), NAB Lahore on Thursday held PO Rizwan Mumtaz from Sheikhupura district.

Rizwan was arrested for his alleged involvement in a Rs10 million fraud.

According to the details, accused the detainee, in connivance with key accused Usman Mumtaz, managed to collect a hefty amount worth Rs10 million (approximately) from the general public for importing computer-related spare parts in 2010 and fled with the amount.

Numerous complaints were lodged with NAB Lahore for compensation, following which the bureau launched an inquiry against both accused. This led to arrest of accused Usman Mumtaz, whereby, accused Rizwan vanished to avoid inquiry proceedings.

NAB officials filed a corruption reference in an accountability court in 2015 after completing investigations against both accused, whereas, Rizwan Mumtaz was declared a proclaimed offender by the court.

In a raid conducted in Sheikhupura on Thursday, NAB officials apprehended Rizwan Mumtaz, who was later produced before an accountability court that granted his physical remand till August 20 for further investigation and recovery of the looted money.

Related posts