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Sindh Bank ex-vice president becomes approver in fake accounts case

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ISLAMABAD:  Former executive vice president of Sindh Bank Nadeem Altaf has become approver in the fake bank accounts case and confessed to have committed embezzlement.

According to details, Nadeem Altaf accepted to become approver during his appearance before National Accountability Court after his physical remand ended today.

During the proceedings, the accused told that he had given Rs one billion loan to the fake companies working under Omni group. He said that he is ready to cooperate with NAB in the probe.

The magistrate ordered to record the statement of the accused.

Meanwhile, the anti-corruption watchdog has also requested for the release of the accused after he become approver in the case.

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.