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NAB arrests two in Rs100m scam

NAB arrests two in Rs100m scam

PESHAWAR: The National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested two man, Razaullah and Ubaidullah, on the allegation of cheating public at large and depriving them of more than Rs100 million.

An official communiqué said an inquiry against Jamal Khan Khattak, ex-Area Sales Manager, Nestle Pakistan Ltd, established Khattak Enterprises. The accused person in connivance with Jamal Khan Khattak lured general public to invest in the company for profits.

The accused persons misled innocent individuals by inducing them that investment is being made into a Nestle’ Pakistan Ltd.  For this purpose, accounts were opened in banks in the name of Khattak Enterprises, the statement said, adding, both accused persons Razaullah and Ubaidullah werethe signatories of the bank accounts and withdrawn millions of rupees. The accused persons will be produced before the Accountability Court Peshawar today.