LAHORE: An accountability court has sent former vice-chairman of Evacuee Trust Property Board (ETPB), Ch Muhammad Ali and co-accused Chaudhry Muhammad Imran to jail on judicial remand till June 3 in a case of financial embezzlement of worth Rs 1,870 million through a private company.
Earlier, National Accountability Bureau (NAB) officials produced the accused before the Accountability Court-V Judge Najam ul Hassan on expiry of their 12 days remand term. The officials told the court that they had completed interrogation from the accused and their physical remand was no longer required. They pleaded the court to sent the accused to jail on judicial remand.
At this,the court sent both the accused to jail on judicial remand till June 3. NAB arrested ex-ETPB vice chairman Ch Muhammad Ali and co-accused Muhammad Imran on the charges of being part of financial embezzlement of worth Rs 1,870 million through a private company- M/S High links (Pvt) LTD.
The accused Muhammad Ali was employed in ETPB during the scam as vice chairman (Grade-20) and is said to be the right hand of Asif Hashmi.Rs 200 million were allegedly embezzled under his tenure as vice-chairman and the accused played an important role in the scam. Co-accused Chaudhry Muhammad Imran held 5 percent shares of that company,which ceased functioning after getting huge amounts from the investors.
