NAB arrests Sindh Bank chief, two other officials in fake accounts case

Published
34
The arrests were made by NAB in Karachi in coordination with the bureau's Rawalpindi team and on the orders of the bureau chairman. — Photo courtesy nab.gov.pk/File
The arrests were made by NAB in Karachi in coordination with the bureau's Rawalpindi team and on the orders of the bureau chairman. — Photo courtesy nab.gov.pk/File

The National Accountability Bureau (NAB) in Karachi on Wednesday arrested the president of Sindh Bank and two other senior officials in the fake accounts case in which former president Asif Ali Zardari and his business partners are co-accused.

"Tahir Ahsan, the president of Sindh Bank, was arrested in the fake accounts case from Karachi,” according to a brief statement issued by the anti-graft body.

Other suspects, namely Syed Nadeem Altaf — who is the executive vice president of Sindh Bank — and Bilal Sheikh, a former president and current director of Sindh Bank, were also apprehended.

“The accused persons will be produced before the respected Accountability Court in Karachi for the grant of transit remand. After remand from the court, the accused persons will be shifted to Islamabad as per law,” read the statement.

According to the corruption watchdog, the arrests were made by NAB in Karachi in coordination with the bureau's Rawalpindi team and on the orders of the bureau chairman.

The fake bank accounts case involves alleged money laundering worth billions of rupees through 29 accounts, which were found opened in three banks — Summit Bank, Sindh Bank and United Bank Ltd.

The Federal Investigation Agency (FIA) had named PPP leaders Asif Ali Zardari, his sibling Faryal Talpur, Omni Group chairman Anwar Majeed, his sons and over 10 others as suspects in an interim charge sheet filed in a banking court in August last year.

The case was transferred in March this year from the banking court in Karachi to the accountability court of Rawalpindi for trial.

Opinion

Editorial

Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...
Terror and politics
Updated 29 Sep, 2026

Terror and politics

There is an urgent need to tone down the rhetoric and tackle terrorism as a collective challenge for both the affected provinces and the federation.
Watching the glaciers
29 Sep, 2026

Watching the glaciers

THE latest signs from Pakistan’s mountains are worrying. Suparco says the number of unfrozen glacial lakes it...
Dangerous agenda
29 Sep, 2026

Dangerous agenda

AS the world remains fixated on the US-Iran conflict, elsewhere in the Middle East, Israel is consolidating its grip...