KARACHI: An accountability court in Karachi on Saturday sent former National Bank of Pakistan president Ali Raza and three other suspects to judicial remand till October 4 in a Rs18 billion scam case.

Raza was arrested on Friday on the orders of the Sindh High Court after it set aside Raza’s bail in a case, filed by the National Accountability Bureau (NAB), alleging his involvement in a Rs 18bn scam. As many as 16 suspects have been named in the corruption case.

The NAB prosecutor on Friday argued in court that the 2009 audit report of the bank had revealed irregularities and the State Bank of Pakistan had also expressed its reservations on the financial affairs of the bank.

He told the court that in addition to Raza, NBP officials including, Imran Butt, Ibrar Beg, Imran Ghani and Bangladeshi citizens too were involved in the scam. An anti-corruption court earlier in July indicted Raza, former member of the Pakistan Banking Council Tajmmul Hussain and others in a corruption reference.—INP