MULTAN: An accountability courtroom right here on Tuesday granted 14-day bodily remand of actual property tycoon and Ali Associates Managing Director Sheikh Shahid Jamal in a case pertaining to Rs7.71 billion fraud.
The corruption watchdog arrested the accused final evening on a grievance in opposition to the house owners of a housing scheme in Multan. A NAB workforce produced him earlier than the courtroom to acquire his remand right now.
In the meantime, a workforce of the bureau raided Jamal’s residence to search for proof in reference to the fraud.
In response to a spokesperson for the NAB, the bureau had search warrants for the aim.
Shahid Jamal has been accused of dishonest folks by launching unlawful housing initiatives.
The NAB is presently investigating 5 unlawful housing initiatives, involving roughly Rs7.71 billion.