PESHAWAR: The Accountability Court on Saturday sent the owner of a private company arrested in connection with the Kohistan financial scandal to jail on a 14-day judicial remand.
The case was heard by Accountability Court Judge Muhammad Zafar.
During the proceedings, the National Accountability Bureau (NAB) prosecutor and the bureau’s investigation officer appeared before the court.
The NAB investigation officer informed the court that the accused, Sher Ali, owned a private enterprise company whose bank account recorded transactions worth Rs46 million. He pleaded that the amount was transferred from the account of the main accused Qaiser Iqbal.
According to the investigation officer, records showed that the accused subsequently transferred the money onward. Out of the amount, the accused allegedly kept Rs13 million for himself while transferring the remaining funds to the accounts of two other accused Mumtaz and Anwar Ali.
The officer added that the accused in alleged collusion with an associate Faizullah Ahmad, received an additional Rs51 million and also purchased a residential house in Mansehra.
He told the court that the investigation had been completed and no further physical remand was required.
After hearing the arguments, the court ordered that the accused be sent to prison on a 14-day judicial remand.
Meanwhile, a court here on Saturday confirmed the freezing of assets belonging to suspects involved in the Kohistan financial scandal.
The accountability court approved a request filed by the National Accountability Bureau (NAB) to freeze the assets of five accused persons, two benamidars and a government employee allegedly linked to the scam.
During the hearing, the NAB special prosecutor informed the court that two of the accused, including Zahoor and Yasir Tanveer, were bank employees. Other suspects included a contractor and a real estate agent.
According to the prosecutor, the accused possessed valuable immovable properties in different cities. These included shops owned by Zahoor in Bahria Town Rawalpindi and by Zamir Murad in DHA, while other suspects owned valuable plots in Abbottabad.
The prosecutor told the court that the director general NAB had ordered the freezing of these assets on February 24. The accountability court endorsed the orders.
