Ali Raza, Former National Bank of Pakistan (NBP) President had been arrested on the orders of the Sindh High Court on September 22. According to a report, the former NBP President had been involved with a scam of Rs 18 bn. The case had been filed by the National Accountability Bureau and the court set aside the bail of Raza in that case. Raza has been shifted to a hidden location and he appeared before the NAB court on September 23.
Near about 16 suspects had been named in the corruption case. The police had managed to undertake two of the accused person in the custody. According to the statements of the NAB prosecutor, the audit report in the year of 2009 disclosed numerous irregularities and State Bank of Pakistan had shown their willingness for their reservations upon the financial affairs with the bank. He also made the allegation against a number of NBP officials including, Imran Ghani, Imran Butt, Ibrar Beg and few Bangladeshi citizens, who had been involved in that scam.
An anti-corruption court located in Pakistan had given few indications regarding the people to be involved with the case that enlisted the names of Former National Bank of Pakistan (NBP) president, Ali Raza, past associate of the Pakistan Banking Council Tajmmul Hussain and others as reference. All those persons who had been indicated are ex-bankers and 13 of them had confessed that they had committed huge corruption of billions of rupees in between 2003 to 2008. The persons were also accused of minting money in the name of welfare of the bank workers.