NAB Convicts Syed Altaf Hussain in Rs. 13 Million Ufone Scam

Doing business in Pakistan is extremely difficult for telecom operators, not only because of tough regulations and high taxes but also because of a multitude of issues faced by cellular operators in executing technical and financial operations, including scams.

In such a case, Ufone lost Rs 12.9 million due to a scam involving corruption by a UBL’s employee some eight years ago. According to an official, the National Accountability Bureau (NAB) has carried out an investigation inquiry and detained a UBL employee by the name of Syed Altaf Hussain​.​

Altaf Hussain finally reached a conviction in an Accountability Court-IV after eight years of the conclusion of legal investigation.

The court announced a sentence of 14 years imprisonment for Syed Altaf Hussain along with Rs.12.9 million fine.

Altaf Hussain was a teller in UBL and misappropriated Ufone vouchers to the tune of Rs.12.9 million.

During the month of July 2007, the accused, who was a teller at the UBL Hamid Square Branch, did not credit the amount received from Ufone agents while stamping 91 Ufone slips worth Rs 12.9 million. The amount was later claimed by Ufone and refunded by United Bank Limited (UBL).​


  • “Doing business in Pakistan is extremely difficult for telecom operators”
    Why when Ufone claim was paid by UBL? Now it is bank’s problem… not Ufone.

      • what abt those criminal telcos which steal our prepaid balance :) More than a decade has passed and there isnt even an intent to start investigating.

      • But Aamir As you know that these corporate giants have proper Finance Accounts and Treasury departments and they also have in house audit teams along with they have also external audit personals. If after having some many resources if they have found the subject issue been highlighted after a decade then Job well done from PTML (Ufone) part also.

        I am not defending the accused what he have done is extremely condemnable act but still ufone should identify their resources and highlight them too.

  • it took a decade almost but its good.. may be He was just an ordinary citizen that is why he is caught..


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