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Bank Officer Plea Deal Revealed | Pakistan News
A former bank officer, Hareeq Shah, has struck a plea deal in an explosive $37 billion embezzlement case in Upper Kohistan, agreeing to forfeit $409 million and face disqualification from public office. Arrested by NAB, Shah allegedly operated fake accounts and funneled funds for others, including co-accused Shafiq Ali, a construction tycoon who admitted using Shah’s account and stashed cash at home—later recovered. The court confirmed the deal was voluntary. NAB’s investigation, launched in April 2025, has already netted 40 suspects, exposing a web of collusion between officials, bankers…
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