NAB Arrest CDNS Official In Rs 5 Million Fraud Case

NAB arrest CDNS official in Rs 5 million fraud case

MULTAN, (Pakistan Point News - APP - 9th August, 2016) : The National Accountability Bureau (NAB) claimed on Tuesday to have arrested an official of Central Directorate of National Savings (CDNS) Multan in a Rs 5.3 million fraud case. NAB Multan sources said that CDNS official Hassan Latif involved in the fraud case has been arrested. Regional Director CDNS Multan Jahangir Shahid told APP that three accused allegedly deprived a retired irrigation department official, Abdur Rasheed, of his hard earned savings.

He said that Abdur Rasheed had depositted Rs 1.4 million in National Savings Railway Road branch, Multan in 2000 which soared up to Rs 5.5 million in 2014. He did not operate his account during this period. Junior National Savings Officers Asad Nawaz and Masud Ur Rahman and assistant national savings officer Mohsin Latif allegedly withdrawn Rs 5.45 million from Abdur Rasheed's account in November 2014, he added. The alleged fraud surfaced when account holder reached CDNS railway road branch to withdraw cash and was bewildered after noticing that only Rs 50,000 were left in his account. He raised hue and cry following which an inquiry was launched and the three officials were held responsible.