ISLAMABAD, March 18: The additional district and sessions judge, Islamabad, Choudhry Mohammad Younas, has issued order for attachment of property of an ex-banker.

Sayed Khateeb Haider, a former employee of the defunct Bank of Commerce and Credit International, allegedly plundered 35 million pound sterling from the bank.

The accused, according to the liquidators of the defunct bank, had bought properties worth two million pound sterling in Karachi, Lahore and Islamabad from the plundered funds.

Mr Haider, against whom the liquidators have obtained a decree, is the brother of another defaulter of the bank, Sayed Raza Ali.

According to the recovery suit filed by the liquidators, Mr Haider, during his service with the bank in London, had allegedly transferred the money into the secret bank accounts of his two brothers, Sayed Abid Haider and Sayed Agha Najib Haider.

The liquidators had filed another petition before the court claiming that the accused was planning to dispose of his assets made from the ill-gotten money and produced affidavits before the court in this regard.

The counsel for the liquidators also produced the details of the investigations report conducted by the British authorities and the judgment passed by the London High Court for the recovery of the plundered funds from the accused.

The court, while referring to the judgments of the London High Court, observed that Khateeb Haider and the two respondents should be restrained from alienating, charging, mortgaging or pledging their properties and assets in any manner mentioned in the petition.

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