National Accountability Bureau files reference against Mian Khurram Rasool and his brother - AsiaNet-Pakistan

National Accountability Bureau files reference against Mian Khurram Rasool and his brother

[ 0 ] August 27, 2012 | Government Institutions | Share:

Islamabad, August 27, 2012 (PPI-OT): The National Accountability Bureau (NAB) has filed a reference against Mian Khurram Rasool and his real brother and co-accused Shahid Mehmood in the Accountability Court Rawalpindi. In the Reference NAB has alleged that Mian Khurram Rasool the principal accused and proprietor of M/s True Concept Partnership Pakistan (TCP) and Paramount Rainbow Company (PARCO) induced the public at large to invest their money with these two companies. Ostensibly, these companies were doing a business of Sugar and Scrap with Trading Corporation of Pakistan and Pak Arab Refinery Company Ltd, but in fact the companies never did any such business. Mian Khurram Rasool was assisted by his brother and co-accused Shahid Mehmood in this cheating public at large scam. Together they had collected an amount of Rs. 151.017 million from general public.

It is established that in order to cheat the public, Mian Khurram Rasool got opened the bank accounts in the names of Companies using observation like TCP and PARCO impersonifying them as Trading Corporation of Pakistan and Pak Arab Refinery Co. Ltd (PARCO), whereas factually he got opened/ maintained accounts of his companies namely True Concept Partnership Pakistan (TCP) and paramount and Rainbow Company (PARCO) with Askari Bank Ltd, Jinnah Avenue Branch, Islamabad and Paramount Rainbow Company (PARCO) with the Bank of Punjab, Satellite Town Branch, Rawalpindi. The accused are already arrested and are in the judicial Custody.

For more information, contact:
National Accountability Bureau (NAB)
ATTATURK AVENUE G-5/2, Islamabad
Tel: 051-111-NAB-NAB (111-622-622)
Fax: 051-9214502-03
Email: chairman@nab.gov.pk, infonab@nab.gov.pk

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Category: Government Institutions

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