MIRPUR (AJK)

The AJK Ehtesab Court No 2 has rejected the bail after-arrest of two accused officers of an NBP branch including Muhammad Shabir and Muhammad Imtiaz, involved in a case of embezzlement of Rs44.89 million and Rs3.3 million respectively.

According to the prosecution, Shabir and Imtiaz, the managers of the National Bank of Pakistan Qamrooti and Sarhota (Kotli district) branches were accused of exercising parallel banking by making embezzlement of Rs44.89 million and Rs3.3 million respectively during their posting in 2010 and 2011.

The scam was unearthed by the audit team of the bank and resultantly the complaint was formally lodged with the AJK Accountability Bureau by the authorities concerned on April 28, 2011 about the embezzlement. The bureau launched investigation. In response to the probe, the accused started using delaying tactics. At first, both the accused applied to the court for bail before arrest then they filed a petition in the AJK High Court for quashment of the proceeding, which was rejected. The rejection order of the AJK HC was upheld by the Supreme Court of Azad Jammu Kashmir through their judgement dated February 23, 2012.