KARACHI: The Federal Investigation Agency (FIA) has raided the office of AKD Securities and arrested two of its directors and a CEO allegedly involved in causing a loss of Rs290 million to the national exchequer in Employees Old-Age Benefit Institution (EOBI) case.
The Agency arrested CEO Muhammad Farid Alam, , Directors Tariq Adam Ghumra and Muhammad Iqbal. The National Accountability Bureau (NAB) has been investigating the matters of the illegal construction of an upmarket housing scheme on the state land after an illegal deal between Pakistan Petroleum Limited (PPL) and the AKD Group.
In this regard, NAB has forwarded a letter No 1(315)/K/MW-II/NAB HQ/2015 asking the Bureau’s director general in Karachi to initiate an inquiry into complaints of massive corruption against renowned businessman Aqeel Karim Dhedhi.
