Judge Accountability Court, Meftahuddin Khan on Saturday sent Senior Vice President, Islamic Investment Bank (IIB), Vakeel Ahmed Siddique to jail on 14 days judicial remand charged for misusing powers and malpractice in ex-MNA Nasimur Rehman's Saleem Sugar Mill case. The accused Vakeel Ahmed Siddique was produced before the accountability court here on Saturday after completion of 10 days physical remand in the NAB custody.
The NAB prosecutor contended that the accused had allegedly helped former MNA Nasimur Rehman in Saleem Sugar Mill loan case and had waved off Rs 15 million of the Islamic Investment Bank without fulfilling any legal formality, which caused huge loss to the national exchequer. He argued to extend physical remand of the accused.
The counsel of the accused prayed before the court that there was no need of extension in the physical remand and the accused should be sent to judicial lock up.
The accountability court after hearing the arguments of prosecutor and defence counsel passed the order of sending accused to jail for 14 days judicial remand.
Meanwhi1e, the accused Vakeel Ahmed Siddique moved application seeking B-class, which was allowed by the court. The accused was arrested by NAB from Karachi on June 13, this year on charges for his alleged involvement of drawing Rs 30 million to former MNA Saleem Sugar Mill case.
It is merit to mention that the NAB had arrested another accused, Regional Operation Manager Islamic Investment Bank, Hasnain Mirza in the same case and was sent to jail on 14 days judicial remand.
Both the accused were charged for their allegedly helping former MNA to drawing Rs 30 million as loan from Islamic Investment Bank and then deposited only Rs 15 million.