PESHAWAR - National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested Arif Ismail and Muhammad Ali, officials of Institute of Chemical Sciences University of Peshawar, who are allegedly involved in embezzlement of funds from official accounts amounting to over Rs12 million in connivance with other accused persons.

During the course of inquiry, it was revealed that both accused were solely responsible for maintenance of books of accounts for the Institute of Chemical Sciences, University of Peshawar. They deliberately maintained the cash book entries in a manner to create confusion and deception.  

Cheques of huge amounts were not entered into these books at all as the cheques were issued in their own names and the same amounts were then en-cashed by themselves. The accused were presented before the Accountability Court Peshawar. The court granted 10 days physical remand of both accused persons.