Accused got registered a firm namely Al- Abbas Enterprises with the purpose of import, export and supplies of chemical and pharmaceutical products whereas no such business was in existence.
The accused in connivance with each other prepared bogus and forged documents which were submitted by Al- Abbas Enterprises and fraudulent and illegallygot a loan from UBL and caused a huge loss to UBL.
In another case, NAB Rawalpindi has also arrested Shahid Aziz accused of Billions of Rupees in Modarba case on the charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment.
As per details, the accused is actively involved in cheating the public at large in the poly crime of taking money from people for investment. The accused acted as Director of M/S Elixir Group and signed the Modarba. The members of the public at large alleged in their claims that the accused Shahid Aziz took the investment and aided his real brother to misappropriate the money.
The writer heads a leading news wire service ‘The Law Today Pakistan’ commonly known as TLTP. He has a special focus on news relating to superior courts adjudication, access to right of information, civil, political, social and economic rights under the approach that existing cyber regime realization ensures procedural fairness in administrative law. He can be reached at email@example.com