The investigation of one of the mega fraud case enters into another phase as today the Federal Investigation Agency (FIA) have submitted the challan against the accused of Creek Marina in the banking court. Earlier, XI Civil Judge and Judicial Magistrate Karachi South ordered physical remand of accused of Creek Marina involved in scandal of alleged fraud of billions of rupees to be handed over to Federal Investigation Agency.
The accused are also involved in money laundering and illegal opening of bank accounts in defiance of State Bank law. It must be mentioned here that the 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 and Umar Shehzad are still absconding.
During the probe undertaken by the law enforcement agency earlier, the 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.
Plea of accused’s lawyers to discharge accused from case was rejected by court earlier.
