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DG NAB returns Rs 150m to Sindh Industrial and Trading Estates

byAftab Channa
16/09/2015
in Karachi, Latest News
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KARACHI: Director General of National Accountability Bureau (NAB) Sindh Col (r) Sirajul Naeem returned Rs 150 million recovered from the Sindh Industrial and Trading Estates (SITE) Limited.

According to details, the NAB after investigation against Lubna Salahuddin, ex-MD SITE Ltd and others, a cheque of Rs 150 million was handed over to the Sindh Industrial Trading Estate (SITE).

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The ex-MD allegedly purchased shares worth Rs 200 million and invested the amount in a private investment company in violation of government policy. Reference will be filed in the Accountability Court as the next course of action against the accused, since there is a total amount of Rs 245 million which to be repaid by accused.

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