Published On: Thu, Sep 12th, 2019
Published in Category: Corruption

Sindh Bank chief becomes approver in fake bank accounts case

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KARACHI: An important headway has been made in fake bank accounts case amid the report that former head of Sindh Bank Nadim Altaf has become approver.

He has confessed of committing embezzlement by lending Rs one billion to fake companies of Omni group.

The magistrate recorded confessional statement of arrested accused Nadim Altaf. Chairman NAB has accepted the plea for making Nadim Altaf approver.

The accused Nadim Altaf said in his statement which he recorded before NAB that “ I am ready to extend full cooperation to NAB besides telling about the facts.

The accused was presented before court on completion of his physical remand.

NAB prayed the court that Nadim Altaf be released.

During the hearing of the case NAB prosecutor said all the legal points with regard to application filed by the accused for becoming approver have been met. Statement of Nadim Altaf under 164 has been recorded. The accused has been presented before chairman NAB. Nadim Altaf has now become out witness. Therefore orders for setting him free be issued.

The Accountability Court (AC) has reserved judgment on NAB application seeking release of the accused Nadim Altaf.


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