Fake bank accounts: NAB files reference against two ex-Sindh Bank presidents and others

The National Accountability Bureau (NAB) on Monday filed another reference before the Accountability Court in connection with multibillion rupees fake bank accounts case against two former presidents of Sindh Bank and 18 other accused for their alleged involvement in corruption and awarding loans to Omni Group through illegal means.

The NAB filed the corruption reference at the registrar office of Accountability Court-I Muhammad Bashir for scrutiny against two former president of Sindh Bank including Bilal Sheikh and Ahsan, and 18 other accused who allegedly facilitated a loan worth Rs 29 billion to unnamed companies of Omni Group. Sheikh was currently working as director of Sindh Bank. According to NAB reference, out of Rs 29 billion loans, Rs 25 billion are yet to be paid. An amount of Rs 1.84 billion had been awarded to three benami companies of Omni group, it said. The reference further alleged that Rs 1.84 loan had been awarded to fulfill loan capital of Summit Bank. The fake companies had been made on the name of six employees of Omni Group.