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National Accountability Bureau Karachi arrests two accused Farooq Ismail and Abdul Shabbir Ismail

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by September 29, 2015 General

Islamabad, September 29, 2015 (PPI-OT): NAB Karachi has arrested today two accused Farooq Ismail and Abdul Shabbir Ismail sons of Ismail Abdul Shakoor, Directors of M/s Ismail Abdul Shakoor Securities (Pvt.) Ltd from Karachi. The accused Farooq Ismail and Abdul Shabbir Ismail sons of Ismail Abdul Shakoor, Directors of M/s Ismail Abdul Shakoor Securities (Pvt.) Ltd were involved in Cheating Public at Large by unauthorized pledging shares of approximately 90 investors and claimants to banks for availing financing facilities. They caused loss to the public at large to the tune of Rs.348 million, as they neither returned the shares nor the amounts to the investors and claimants.

For more information, contact:
National Accountability Bureau (NAB)
Attaturk Avenue G-5/2, Islamabad, Pakistan
Tel: +92-51-111-NAB-NAB (111-622-622)
Fax: +92-51-9214503
Email: chairman@nab.gov.pk, infonab@nab.gov.pk
Website: www.nab.gov.pk

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