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PHC Denies Bail In Multi-billion Kohistan Scandal

Umer Jamshaid Published October 16, 2025 | 08:16 PM

PHC denies bail in multi-billion Kohistan scandal

The Peshawar High Court has denied bail to Muhammad Riaz, an accused in the multi-billion rupee Upper

PESHAWAR, (UrduPoint / Pakistan Point News - 16th Oct, 2025) The Peshawar High Court has denied bail to Muhammad Riaz, an accused in the multi-billion rupee Upper

Kohistan financial scandal.

Muhammad Riaz, a former cashier at the National Bank's Dasu branch, is alleged to have created dummy

construction companies and issued 22 cheques in their names.

Special Prosecutor Arbab Kaleemullah stated the accused accumulated billions in the scandal and is now

seeking a voluntary return of five billion rupees.

During the hearing, Justice Sahibzada Asadullah remarked, "Where did billions of rupees come from for a

bank cashier? This is injustice."

Following arguments from both sides, the two-judge bench rejected the bail plea and ordered Riaz to

stay in jail.

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