SHC acquits ex-NBP chief in Rs54bn loan scam case

KARACHI: The Sindh High Court (SHC) on Monday acquitted former National Bank of Pakistan (NBP) president Syed Ahmed Iqbal Ashraf in the Rs54 billion Hascol loan scam case, observing that nearly all other accused persons had been exonerated, acquitted or converted into witnesses. A two-judge bench, headed by Jus­ti­­ce Omar Sial, observed several senior NBP officials, originally boo­ked on ide­ntical allegations, had been converted from accused persons into witnesses. The FIA had booked an...

By [email protected] (Ishaq Tanoli)