PESHAWAR: An accountability court here on Friday convicted a former accounts officer of the Peshawar Development Authority, Nadeem Shad, in a corruption case and sentenced him to three years rigorous imprisonment with a fine of Rs42.82 million.
The court of judge Mohammad Ishtiaq Khan ruled that the prosecution had proved its case against the accused.
The court, however, acquitted a co-accused Mohammad Irshad for lack of evidence. It declared as proclaimed offender an absconding former bank officer, Sheraz Khan, who is son of Mohammad Irshad, and issued his perpetual arrest warrants.
Nadeem Shad was arrested by the National Accountability Bureau, Khyber Pakhtunkhwa, in 2014 when he was serving as accounts officer at PDA. The NAB had alleged that Nadeem Shad, in connivance with other accused persons, had managed to open a fake bank account at a private bank and got transferred over Rs100 million from the PDA’s official account maintained with the private bank. Sheraz Khan was serving as regional manager at the said bank.
The same amount was withdrawn from the fake account and then misappropriated, causing a big loss to the government exchequer.
Senior advocate Fazal Kareem Khan appeared for the acquitted accused and contended that the prosecution could not develop any linkage between his client and the main accused facing trial. He added that his client was neither serving at the said bank nor at PDA and including him as an accused to face trial was an injustice to him.