LAHORE: Qasim Zia is involved in transfer of a huge amount of investors’ money, which he received from the sale of fake shares at the Lahore Stock Exchange, to his personal accounts.
According to preliminary investigation, the Pakistan People’s Party former member of the provincial assembly and Pakistan Hockey Federation president was involved in selling shares of Usman Securities without informing other directors of the company. Apart from this, he also transferred all of the earned money to his personal accounts.
According to the National Accountability Bureau sources, they received more than 82 complaints against Usman Securities and after investigation it was found that one of its directors was involved in fake trading of the company shares. The NAB chairman issued arrest warrants for Qasim Zia on August 7 and ultimately he was arrested by the NAB Punjab on August 8.
The National Accountability Bureau is also scrutinising details of accounts and assets of Qasim Zia’s wife, his children and his relatives.
