Seven Bangladeshis among 16 officials of National Bank of Pakistan (NBP) have been sued for alleged embezzlement of $185 million at its Dhaka branch. The accused include- former NBP president Syed Ali Raza, General Manager Bangladesh Waseem Khan, Imran Butt, Zubair Ahmed, Tahir Yaqoob, Imran Butt, Ibrar Beg, Imran Ghani and Bangladeshis include- Saleemullah, Pradeep and Qazi Nizam. Pakistan’s National Accountability Bureau (NAB) had filed a reference against the accused NBP officials for allegedly misusing their power by granting and revising financing facilities in Dhaka branch that caused a loss of $185 million to the Pakistani national exchequer, reports Dawn. Syed Ali Raza and six other officials were arrested on Friday by NAB after rejection of their anticipatory bail by the Sindh High Court in the scam case. During the hearing, NAB prosecutor argued in the court that the 2009 audit report of the Pakistan National Bank had exposed irregularities of its officials of Dhaka branch.

Source: Dhaka Tribune September 23, 2017 07:30 UTC