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MULTAN, Jul 04 (APP):The National Accountability Bureau (NAB) Multan arrested Zain Murtaza Zaidi, Managing Director of Gulberg Executive Housing Scheme, for his alleged involvement in defrauding citizens through an illegal housing scheme.
According to NAB Multan officials, the accused is suspected of luring a large number of people to invest in an unapproved and illegal housing project, causing loss of billions of rupees. Acting on credible information and in collaboration with intelligence agencies, the NAB Multan conducted successful raids to apprehend Zaidi.
The court granted physical remand of the accused for further investigation, collection of relevant records and recovery of embezzled funds.
On the directions of DG NAB Multan, measures were underway to recover the looted money and to extradite the main accused, Ghulam Asghar Gurmani, along with other absconders, from foreign jurisdictions.