PESHAWAR: The National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested Muhammad Iqbal, the then Branch Manager of the Habib Bank Limited Khar Bajour Agency presently posted as Branch Manager of the HBL in Inayat Kalay Bajour.
He is allegedly involved in embezzlement of funds in the compensation payment made to the affectees of terrorism after operation in Bajaur Agency (FATA) and looted millions of rupees.
As per details, the government announced compensations for the affectees of Mohmand and Bajour agencies @ Rs 160,000 for partially damaged houses and Rs 400,000 for complete damaged houses.
During the course of inquiry, it was revealed that the accused Muhammad Iqbal pasted fake signatures on the bank account opening forms and opened hundreds of bogus bank accounts in the name of so-called affectees in Habib Bank Limited (HBL) Khar Branch Bajour Agency (FATA). He, in connivance with FDMA officials, paved the way for embezzling multi-million rupees meant for the affectees of terrorism after operation in Bajour Agency.
It merits mentioning here that Arshad Khan, ex-director-general of the FDMA and Irfanullah, assistant director FDMA, have already been apprehended in the case.
NAB Khyber Pakhtunkhwa is actively persuing the case and more arrests are on the card. The accused will be produced before Accountability Court Peshawar for obtaining his physical remand.
