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Man accused of ripping Rs. 23mn off citizens sent on remand

ISLAMABAD: An accountability courtroom in Islamabad on Monday granted remand of 1 Shamshad Ali to Nationwide Accountability Bureau in a fraud case, ARY Information reported.

Ali is accused of depriving residents of a staggering Rs. 23 million within the identify of a financing scheme, which was in actual fact, a rip-off.

The accused was arrested by NAB from Karachi and was offered earlier than the accountability courtroom, presided over by Choose Mohammad Bashir.

The NAB officers informed the courtroom that the accused ripped off hundreds of thousands from residents within the identify of a faux funding firm Askari Group of Funding.

The courtroom was knowledgeable {that a} sum of Rs. 23 million was collected from a number of residents, promising them automobiles and homes.

Learn Extra: And now.. a retired soldier falls prey to bank fraud

Neither the promised returns nor the principal quantity was offered again to the traders, NAB officers informed.

The accused informed the courtroom that he was being wrongly accused of fraud, whereas he himself needed to obtain his dues from different individuals out there.

The courtroom directed the NAB investigation officers to name not less than 15 of the affected individuals to collect extra particulars.

Later, the courtroom granted a remand of the accused for 14 days and directed the NAB to supply him earlier than the courtroom once more on April eighth.

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