National Accountability Bureau arrests accused in Rs 5billion CALLMATE Scam

Islamabad, June 19, 2012 (PPI-OT): National Accountability Bureau (NAB) Sindh has arrested absconding Ex-Director of Callmate Ltd Nadeem Ahmed, owner of Ahmed and Law Associates Karachi on the nonbailable warrants issued by the Accountability Court No. IV Karachi in a NAB reference. He was produced before the Administrative Accountability Court Karachi on 16 June 2012 and sent to Central Jail Karachi on judicial remand till 10th July 2012.

Seven persons are accused in the case including former directors, former CFO and others. Two Ex-Directors have been arrested namely Hassan Jameel and Nadeem Ahmed Advocate and both are on Judicial Remand in Central Jail Karachi. Whereas another Ex-Director Ajmal Ansari is on protective bail from Lahore High Court and his case fixed on Monday 18 June 2012, in Sindh High Court. However, raids are being conducted for the arrest of remaining Ex-Director Jameel Ansari, Imran Mehmood Ex-CFO and others.

The investigation into the Scam was initiated by the NAB on the complaint of management of CALLMATE who took over the company from above Directors on the basis of major share holding. It was prima facie proved that the said accused management remained indulged into: 1) cheating public at large by issuing calling cards to general public all over the country worth Rs. 120 million neither the cards were activated nor amount returned to the public as yet; 2) cheating with PTCL, PTA, FBR approximately amounting to Rs 2 billion: 3) siphoning of funds abroad on the pretext of phony sales approximately amounting to Rs 2 billion; 4) misuse / siphoning of company funds for purchase of properties from benamidars ex-management approximately amounting to Rs. 500 million.

On the basis of investigation team’s report, NAB reference was presented before the Executive Board for decision. After approval from the Executive Board, reference was filed in the Accountability Court and subsequently non bailable warrants were issued against all the accused persons.

For more information, contact:
National Accountability Bureau (NAB)
ATTATURK AVENUE G-5/2, Islamabad
Tel: 051-111-NAB-NAB (111-622-622)
Fax: 051-9214502-03

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