NAB freezes property of accused Sheraz Khan RM Samba Bank and Nadeem Shah DAO PDA in embezzlement case

Peshawar: Director General NAB Khyber Pakhtunkhwa ordered freezing of properties of accused Nadeem Shad Divisional Account Officer Peshawar Development Authority (PDA) and Sheraz Khan Regional Manager Samba Bank Peshawar who are allegedly involved in embezzlement of over Rs.100.00 Million.

As per details, accused Nadeem Shad, Account Officer PDA in connivance with Sheraz Khan RM Samba Bank managed to open a fake bank account and got transferred more than Rs.100.00 Million from the PDA Official Account maintained with Samba Bank Ltd Peshawar into their own account. The same amount was then withdrawn from the fake account and was pocketed, causing huge loss to the Government Exchequer.

As there was likelihood that the accused would alienate his properties / assets acquired through corruption and corrupt practices, therefore, Director General NAB Khyber Pakhtunkhwa ordered freezing of their properties. Detail of which are given below:

It is worth mentioning here that NAB has already arrested Nadeem Shah DAO PDA in the instant case.

The post NAB freezes property of accused Sheraz Khan RM Samba Bank and Nadeem Shah DAO PDA in embezzlement case appeared first on Pakistan Press International.