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NAB press release said here on Tuesday that the accused was former Manager Investment Policy NICL and was also part of in-house investment board that processed and approved illegal investment of Rs 100 million in First Dawood Investment Bank Ltd (FDIBL) during 2008-09.
The illegal investment which caused loss of Rs 64 million to the national exchequer, was made by the accused persons in violation of policy with mala fide intention.