LAHORE: National Accountability Bureau (NAB) has got 12 days remand of an accused who is involved in embezzlement of huge amount and illegal recruiting.
National Accountability Bureau (NAB) has arrested the former vice chairman of Evacuee Trust Property Board Chaudhry Muhammad Ali over charges of embezzlement worth Rs1.87 billion through M/s. High Links (Pvt) Limited.
According to a National Accountability Bureau spokesman, Muhammad Ali was working in the ETPB as vice chairman (Grade-20) and Rs200 million were embezzled during his tenure.
He was arrested from Askari 10 Villas. A co-accused, Chaudhry Muhammad Imran, holds 5 per cent shares of M/s High Links (Private) Limited which seized functioning after getting huge amounts from investors. He was arrested from Shalimar Town, Lahore.
NAB, after producing accused Muhammad Ali and Muhammad Imran before an accountability court, obtained their 12-day physical remand for investigations.
