ISLAMABAD – The National Accountability Bureau (NAB) has arrested aNational Bank of Pakistan (NBP) official over the charges of embezzlement.

The Head of Foreign Exchange Department NBP was arrested by theaccountability watchdog yesterday over the alleged corruption of Rs 3billion.

The arrested employee, Usman Saeed, worked at NBP’s Main Branch Lahorebefore getting arrested by bureau.

The national bank previously found itself engulfed in a controversy aswell. Last year, NAB arrested former NBP president and other officials overcorruption charges worth $185 million or Rs 19 billion.

The accused included 7 Bangladesh nationals involved in a scam at the NBPbranch in Dhaka Bangladesh. NAB arrested four NBP officials including theformer president after the Sindh High Court canceled their bails in thecase. The arrested individuals included;

Muhammad Wasim Khan,Imran Ghani,Dr Mirza Abrar Baig and,Muhammad Imran Butt.

NAB filed the reference against the said individuals in an accountabilitycourt. The bureau alleged that the former president misused his authorityat NBP’s Dhaka branch which resulted in a loss of Rs 18 billion to thenational exchequer.