In the case of the alleged fraud of billions of rupees, money laundering and illegal opening of bank accounts in defiance of the law about Creek Marina scandal, a project pending for the last twenty years in phase VIII, DHA, the project of Meinhardt Pakistan, a company of Meinhardt Singapore, the court ordered the accused to be handed over to the FIA on remand till September 19.
The suspects arrested in the 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 absconding.
The FIA produced the accused in the court of Civil Judge and Judicial Magistrate South Karachi Mr. Sajjad Ali Jamali on Saturday.
The bankers are accused of facilitating the opening of accounts in two private banks contrary to the agreement. The total arrested number of accused arrested in this case of FIA Commercial Banking Circle is three.
The case has been registered for violation of State Bank, Board of Investment rules for opening bank account against the rules.
After remanding the accused the Hon’ble Court adjourned the next hearing of the case till September 19 and summoned the Assistant Director Legal, FIA along with the Investigation Officer. The plea of the accused’s lawyers to discharge accused from the case at this stage was rejected by the court.
