HAMESH KHAN Update: Bank of Punjab Ex-CEO Hamesh Khan
Arrested in U.S.
10 December 2009.
The former President of Bank of Punjab (BoP)
Hamesh Khan has been arrested and detained
in the United States.
The United States Department of Justice (DOJ)
confirmed it to the Pakistani government.
The Bank of Punjab (BoP) had granted a loan of
Rs 9 billion to the Haris Steel Industries (HSI)
without fulfilling the legal requirements and the
HSI subsequently defaulted on the loan.
The bank then filed a petition against HSI
and made BoP ex-President accomplice in the
transaction – a charge its then President and
CEO Hamesh Khan denies to-date calling it
"witch-hunting" and "politically motivated".
The Spokesman of National Accountability Bureau (NAB),
Ghazni Khan, Thursday confirmed Hamesh Khan’s arrest
in the United States saying that the US Justice Department
had also informed the Pakistani government in writing of
his arrest and detention.
The Supreme Court of Pakistan had directed the federal
government to arrest or have arrested,
the former President of Bank of Punjab Hamesh Khan,
who is said to be involved in billions of rupees of
fraud case.
In pursuance of the Supreme Court orders, Islamabad
approached the Interpol and the US government for his
arrest, the NAB spokesman said.
Hamesh Khan was allegedly involved in Rs 9 billions
fraud, but he fled from the country in June this year
despite his name being on the Exit Control List (ECL)
of the Interior Ministry which bars people from leaving
the country.
Hamesh Khan would be brought back to the country after
completion of formal legal proceedings and important
documentations, the NAB spokesman said.
Earlier, on the directives of Supreme Court of Pakistan,
a special team of National Accountability Bureau (NAB)
arrested main culprits of PunjabBank Fraud case,
Sheikh Muhammad Afzal with his son Haris Afzal of
Haris Steel Mills through the use of Interpol from Kuala-Lumpur,
capital of Malaysia on November 16.
Other suspects industrialist Seth Yaqoob and his daughter
Irum Yaqoob have also been detained and their assets frozen.
(MAMOSA)
Source:desperses
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