LAHORE: National Accountability Bureau (NAB) Multan Thursday arrested one Asif Kamal for Rs320 million corruptions in MEPCO after dismissal of his bail before arrest from high court.
According to NAB sources, the Lahore High Court Multan bench dismissed the bail request of the owner and chairman of the Board of Directors (BoD) Trust Investment Bank Limited, who was one of the accused in the NAB reference No 03/18 about Rs320 million.
The accused would be presented in the accountability court to get his physical remand. Accused Asif Kamal had deposited Rs200 million in 2011-12, and he had looted the money with the help of former CEO MEPCO Chaudhry Guftar Ahmed, former Director Finance MEPCO Syed Mushtaq Hussain Bukhari and other officers.
MEPCO did neither receive any profit nor the real investment back. The investment has now become Rs320 million as per kibor rate.
Former CEO MEPCO Chaudhry Guftar Anjum and Syed Mushtaq Hussain Bukhari had already been arrested by NAB on October 03, 2017 and their bails had been dismissed by the apex court.
