Former Pasban director given 7-year sentence

LAHORE: An accountability court on Tuesday sentenced Sheikh Mohammad Siddique, director of the now defunct Pasban Cooperative Finance Corporation, to seven years imprisonment and fined him Rs 9 million in a corruption case.

The court also ordered that his assets be seized. In case of non-payment of fine, the convict will serve another two years imprisonment. The court also disqualified Siddique from holding public offices, participating in elections or obtaining loans from financial institutions for 10 years.

The National Accountability Bureau (NAB) sued Siddique for abusing his authority and causing a loss of Rs 2.8 million to the corporation. NAB claimed Rs 8.7 million, including interest, from Siddique. staff report

Home | National