QUETTA: An accountability court on Friday sentenced the owner of a fake company to 10 years in jail and imposed a Rs50 million fine in a case about cheating the public at large.

Accountability Court judge Aftab Ahmed Lone announced the verdict in light of investigation and irrefutable evidence collected by the National Accountability Bureau against accused Mozam Jan.

Prosecutor Mohammad Dawood represented NAB in the case.

The investigation revealed that the accused accumulated a sizeable amount from the general public in the name of investing the money in the stock market. For some time, the accused returned the money with some profit to the investors, but escaped later.

After completing the investigation, the NAB Balochistan submitted a reference against the accused to the accountability court.

Later, accused Mozam Jan was produced before the accountability court which sent him to jail.

After hearing the case at length, the court convicted the accused.

After his conviction, the accused is disqualified for 10 years to hold any public office or contest elections. He cannot receive any financial facility and loan or advance from a bank or financial institution under Section 15 of the National Accountability Ordinance, 1999.

Published in Dawn, December 18th, 2021