KARACHI: National Accountability Bureau (NAB) has arrested Iqbal Z. Ahmed, Chairman and Co. founder of Associate Group, CEO M/s JJVL and M/s Lub Gas (Pvt) Ltd and others, in a mega money laundering case.
Sources said Chairman NAB Justice Javed Iqbal issued arrest warrant of the accused and DG NAB Karachi Brig (R) Farooq Naser Awan was following the case. It is alleged that Iqbal Z. Ahmed has laundered more than Rs 100 billions personally and as well as through his more than 6 companies.
NAB sources further said that after arrest, his transit remand will be requested from Accountability Court Lahore and he will be shifted to Karachi for remand and interrogations.
DG NAB Karachi Brig (R) Farooq Naser Awan