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NAB arrests PPP leader on fraud and embezzlement charges

Islamabad - Qasim Zia was arrested following a raid by NAB officials on account of his alleged involvement in a scam worth millions of rupees on the Lahore Stock Exchange.

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Published: Sun 9 Aug 2015, 12:00 AM

Last updated: Mon 10 Aug 2015, 8:26 AM

The National Accountability Bureau (NAB) Punjab on Saturday arrested Pakistan Peoples Party's (PPP) leader and former president of its provincial chapter Qasim Zia on account of corruption and embezzlement in funds of Pakistan Hockey Federation.
Zia, one of the director's of Ali Usman Securities, was arrested following a raid by NAB officials on account of his alleged involvement in a scam worth millions of rupees on the Lahore Stock Exchange, according to a NAB spokesperson.
Following the arrest, Zia was presented in an accountability court where the court remanded him into NAB's custody for 14 days, while investigation is underway.
Zia is the former president of the Pakistan Hockey Federation and a former MPA at the Punjab Assembly. He is also former Olympian and former captain of Pakistan hockey team. - news@khaleejtimes.com


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