Thursday, July 29, 2021  | 18 Zilhaj, 1442
Samaa TV
Facebook Twitter Youtube
HOME > News

Former Sindh Bank president to be indicted in laundering case

Bilal Sheikh accused of causing Rs25 billion loss to exchequer

SAMAA | - Posted: Mar 30, 2021 | Last Updated: 4 months ago
Posted: Mar 30, 2021 | Last Updated: 4 months ago


An accountability court in Islamabad will indict 19 suspects in fake accounts and a money-laundering case on April 21.

A total of 19 people are named in the case, including former Sindh Bank president Bilal Sheikh, former president Asif Ali Zardari’s close aide Aftab Memon and Omni Group head Abdul Ghani Majeed.

Sheikh is accused of approving a loan of Rs50 billion to the Omni Group which led to a loss of Rs25 billion to the national exchequer.

The reference was heard by Justice Azam Khan.

Prosecutor Usman Mirza requested the court to indict the accused. He added that its reference should be considered the final one as it does not want to file any supplementary reference.

The accused have been summoned for the indictment.

FaceBook WhatsApp

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp


Rain expected in Karachi on July 25: Met dept
Karachi weather: No rain expected in coming days
CCTV show Noor jumped off terrace to protect herself: lawyer
Noor Mukadam murder suspect was ‘in his senses’ during arrest
AJK Elections 2021: PTI wins 25 seats, PPP nine
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp