Accountability Court Karachi on Wednesday awarded conviction to two accused persons for usurping & embezzlement of state exchequer. According to details, conviction was awarded to accused Sheikh Mohammad Asghar and Nazir Ahmed Toni for rigorous imprisonment of 5 years and fine of Rs 15 and Rs 10 million respectively in Reference no. 65/2007, 66/2007, 67/2007 & 16/2009, Titled State Vs Sheikh Mohammad Asghar and others.

The accused persons were charged for usurping & embezzlement of state exchequer by depositing pay order meant for Excise & Taxation Department in fake bank account for their personal gain. The branch account was opened by Nazir Toni as Manager NBP Dockyard branch Karachi. The prosecution made out its case of illegally depositing pay order of Rs 3,035,102 issued by Pak Steel Mills.

Copyright Business Recorder, 2019