LAHORE, April 8: Civil Lines police have registered a case against a media group head and his daughter for allegedly committing a fraud of Rs90 million with the Bank of Punjab.

The FIR was lodged on the orders of a local court under sections 406 and 420 of the Pakistan Penal Code on Thursday.

Bank of Punjab Vice-President Salman Rashid alleged in the FIR that Interact Private Limited (located at 12 Lawrence Road) directors including Khabrain Group chief Zia Shahid and Nosheen Imran took equipment, machinery and other items worth Rs90 million on lease from the BoP on Sept 12, 2007, for a news channel.

He alleged that the bank administration later came to know that the accused had embezzled and stolen the leased out items.

When bank officials asked them for inspection of the leased out items, they denied them inspection.

The complainant further stated in the FIR that Zia Shahid and Nosheen Imran had committed fraud and crime.

Opinion

Editorial

Policy rate hike
Updated 27 Nov, 2022

Policy rate hike

The decision to hike the policy rate by 100bps is a step in the right direction, even if intended to appease the IMF.
Vawda’s reprieve
27 Nov, 2022

Vawda’s reprieve

FAISAL Vawda should be relieved. After years of running from a reckoning for submitting a false declaration in his...
Gujarat’s ghosts
27 Nov, 2022

Gujarat’s ghosts

TWO decades have passed since the bloody Gujarat riots, one of the worst spasms of anti-Muslim violence witnessed in...
March in Pindi
Updated 26 Nov, 2022

March in Pindi

WITH the chief’s appointment out of the way and the army intent on staying out of politics, the fight is now down...
Tough IMF position
26 Nov, 2022

Tough IMF position

THE IMF has made it clear that Pakistan’s “timely finalisation of the [flood] recovery plan” — the key ...
The youth vote
26 Nov, 2022

The youth vote

PAKISTAN is an overwhelmingly young nation, with about 64pc of the population under 30. Yet our political system has...