NAB initiates another inquiry against former NBP president

KARACHI: The National Accountability Bureau (NAB) has launched another inquiry against former National Bank of Pakistan (NBP) president Saeed Ahmed.

A joint investigation team of the anti-corruption watchdog has sought records from the NBP Board of Directors secretary.

An investigation is already underway against Saeed Ahmed over illegal appointments and promotions. Ahmed had allegedly appointed blue-eyed persons in the bank on the advice of influential persons in 2017.

NAB investigators have also sought details of promotions awarded to OG-III officers to SEVP position, besides approval notes of NBP board of directors.

The details of the legal process for making appointments and promotions in NBP were also sought by the investigators. The anti-corruption watchdog asked the NBP management to provide records regarding advertisements for appointments and regulations for finalising salaries of the employees.