Pakistan: Three arrested for setting up fake sugar mills

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Police have arrested three suspects accused of setting up fake sugar mills in Sindh, Pakistan. According to the reports, an accountability court on June 28 extended the physical remand of them.

Till July 8, they have been remanded into National Accountability Bureau’s (NAB) custody. The bureau is further investigating the case.

There is an allegation on them that they took subsidies from the Sindh government for their fake firms.

NAB said in the court, three accused Qasim, Amanullah, and Faisal Nadeem caused losses of millions to the national treasury. NAB accused them of making fake sugar mills and recover government funds through fake accounts.

According to the reports, the trio are working as finance managers of different sugar mills in Tando Allahyar, Chambar and Khoski (Badin).

Qasim allegedly abstracted funds worth Rs 81 million, Faisal Nadeem Rs 27.8 million, and Amanullah Rs 66 million.

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