LAHORE - The National Accountability Bureau (NAB) Lahore Wednesday claimed to have arrested three accused allegedly involved a case of cheating public at large of worth Rs211 million, said spokesman for NAB here.

He said that accused persons Zahid Parvez Khan, Khalid Islam Bhatti and Qaiser Ahmed are involved in causing loss to the national exchequer and cheating public at large.

In the first case, NAB Lahore arrested accused Qaiser Ahmed who along with principal accused Wazir Ahmed and others carried business of aluminum ingots/bars under the trademark of M/s Orient Kitchen Ware, Gujranwala Metal Exchange and M/s Orient Metal Industry.

The accused, on promises of exorbitant profits, lured general public to invest with them in their business. NAB Lahore has already arrested ring leader Wazir Ahmed. Accused Qaiser Ahmed has been handed over to NAB on physical remand till 2nd Sep 2015.

Accused Zahid Parvez Khan has been arrested on allegations of obtaining illegal pecuniary advantages and causing loss to national exchequer. The accused used to collect money from general public on the pretext of payment of utility bills.

Instead of depositing the amount in the bank in Nadra account, the accused used to retain the amount for his personal gain. The accused did not join inquiry proceedings despite repeated warnings and resultantly his arrest came into force. Accused has been produced before the Accountability Court. The accountability court granted physical remand into NAB custody until September 1, 2015.

In another bank fraud case, accused Khalid Islam Bhatti has been arrested by NAB Lahore on allegations of misuse of authority. The accused assisted and abetted the other accused persons in the preparation of fake and bogus general power of attorney leading to illegal disposal of property. NAB has obtained physical remand of the accused until August 24, 2015.