Fake account case: Court sends Bilal Sheikh on 7-day judicial remand

RAWALPINDI: The accountability court has sent former president of the Sindh Bank, Bilal Sheikh to jail on seven-day judicial remand in the fake account case.

According to the NAB accused Bilal Sheikh was involved in corruption and awarding loans to the Omni group through illegal means. The accused was presented in the court of the accountability court Judge Muhammad Bashir amid strict security.

The court while issuing the notice to the Investigation Officer (IO) over his non-presence in the court, has asked him to present the detailed report on the next hearing of the case.

In July, Bilal Sheikh along with the president of Sindh Bank Tariq Ahsan, Executive Vice President Nadeem Altaf, were arrested by NAB during an investigation into the fake accounts case.

The fake bank accounts case involves alleged money laundering worth billions of rupees through 29 accounts, which were found opened in three banks like Summit Bank, Sindh Bank, and United Bank Ltd.