Three accused including bank officers remanded till September 19

KARACHI:  XI Civil Judge and Judicial Magistrate Karachi South ordered physical remand of three accused of Creek Marina involved in scandal of alleged fraud of billions of rupees to be handed over to Federal Investigation Agency till September 19.

They are also allegedly involved in money laundering and illegal opening of bank accounts in defiance of State Bank law. Creek Marina scandal, project was pending for last twenty years in phase VIII, DHA of Meinhardt Pakistan-company of Meinhardt Singapore.

Suspects arrested in FIA Commercial Banking Circle cases include Shehryar Khalid of Silk Bank, Faisal Jameel Khan of Meezan Bank and CFO of Creek Marina Nudrat Mand Khan. Other accused Chairman MeinHardt Singapore Dr Naseem Shehzad, CEO MeinHardt Singapore Umar Shehzad and Ayesha Warsi are still at large. FIA produced accused in court of Civil Judge and Judicial Magistrate South Karachi Sajjad Ali Jamali. Bankers are accused of facilitating opening of accounts in two private banks contrary to agreement. Case has been registered for violation of State Bank and Board of Investment rules for opening bank account against rules.

After scrutiny of material and documents submitted by FIA and grounds raised by FIA Investigation Officer for grant of physical remand, court issued orders. After remanding accused court adjourned next hearing of case till September 19 and summoned Assistant Director Legal, FIA along with Investigation Officer on next hearing. Plea of accused's lawyers to discharge accused from case was rejected by court.

Published in The Daily National Courier, September, 18 2023

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