January 19, 2008	Saturday	Muharram 09, 1429

KARACHI, Jan 18: The National Accountability Bureau, Sindh, on Saturday arrested the head of a private bank on charges of misappropriating millions of rupees by falsifying and altering the bank’s record.

According to the NAB, the former bank executive and chairman of Prudential Commercial Bank Limited and Prudential Group, Rashidullah Yaqoob, was arrested in Karachi on the charges of embezzlement of Rs85 million from the bank’s amount by changing the bank’s records.

The National Accountability Bureau has filed a reference (82/2007) against him in an accountability court, Karachi.

The administrative judge of the accountability court has also issued non-bailable arrest warrants against the accused.

The accused is also allegedly involved in misappropriation of Rs79 million in Prudential Group, for which about four investigations are under way in the NAB.

The banker will be produced in court for judicial custody on Monday.