National Accountability Bureau arrests accused Mehr Ahmad Shoaib ur Rehman Lakk and Mehr Zia ur Rehman Lakk in a Rs. 263.77 million loan default case

Islamabad, July 26, 2015 (PPI-OT): The National Accountability Bureau (NAB) has arrested accused persons Mehr Ahmad Shoaib ur Rehman Lakk and Mehr Zia ur Rehman Lakk of linchpins of lakk developers in a Rs. 263.77 million willful loan default Scam. The accused persons availed finance facility from the Bank of Punjab (BOP) and thereafter did not fulfill their obligations and defaulted. A reference was forwarded to National Accountability Bureau (NAB) by Governor State Bank of Pakistan to initiate inquiry against the insolvents.

During the course of inquiry, the evidence collected revealed that the accused persons Mehr Ahmad Shoaib ur Rehman Lakk and Mehr Zia ur Rehman Lakk, Director / Mortgagor / Guarantor of M/S Lakk Developers in active aid, abetment and assistance of others committed the offence of willful loan default which is punishable under National Accountability Ordinance (NAO) 1999. The accused were produced before the Accountability Court today. The Accountability Court granted 14 days’ physical remand of the accused persons into NAB custody for further inquiry.

For more information, contact:
National Accountability Bureau (NAB)
ATTATURK AVENUE G-5/2, Islamabad
Tel: +92-51-111-NAB-NAB (111-622-622)
Fax: +92-51-9214502-03
Email: chairman@nab.gov.pk, infonab@nab.gov.pk