Online
Islamabad
Investigartion agencies have arrested the Chief Executive Officer (CEO) of United Bank Limited (UBL) Wajahat Hussain and other top management last night in the biggest financial scam of the country.
The apprehended officials were fired from their jobs and HBL’s senior officer Sima Kamil has replaced Wajahat Hussain overnight . UBL president Wajahat and his other colleagues were arrested when they were about to leave Pakistan. as the bankers were barred from boarding plane.
The sources said that the enquiry against almost 160 bankers in Rs 12 billion scandal has been started. The sources said that the National Bank of Pakistan(NBP) and some other banks are involved in the scam.
When Online tried to contact the top officials of UBL to know their point of view on the matter however no response was received from them,whereas the administration of National Bank of Pakistan has also kept quiet on the issue.
The sources said that the law enforcing agencies(LEAs) are carrying the probe of the fincial scandal forward rapidly and it is very much likely that some more arrests might be taken place in the days to come
