Accused arrested in RPPs scam

The News

ISLAMABAD: The National Accountability Bureau (NAB) Rawalpindi has arrested accused Laeeq Ahmed Sheikh in a case of investigation against government functionaries and others regarding corruption and corrupt practices and misuse of authority in award of RPPs contract to M/s Karkey, Karandenis Electric Uratim.
As per details, accused Laeeq Ahmed Sheikh is Director of CANNOCK Global Enterprises Limited which is maintaining the offshore company.
Investigation revealed that the subject accused person is allegedly involved in laundering proceed of crime of accused Raja Babar Ali Zulqarnain.
Crime proceed amounting to $365,000 was transferred by accused Raja Babar Ali Zulqarnain from Bank of his offshore company M/s Lead Burn Global Ltd to BVI-based offshore company Cannock Global Enterprise Ltd of the subject accused person.

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