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President Fund

Investigation launched into Fraud Involving President'sFund

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The Criminal Investigation Department (CID) has informed the Fort Magistrate's Court that it is conducting an investigation into possible financial fraud related to the President's Fund.

According to the CID, the investigation is based on information suggesting that members of Parliament may have fraudulently obtained funds in excess of the approved amount from the People's Fund by submitting false claims.

The Commercial Crimes Division of the CID has stated that the fraudulent activities involve submitting deceptive information to secure additional funds, which were not authorized. The department has confirmed that an active investigation is underway to uncover the full extent of the alleged misconduct.

During a session before the Fort Magistrate's Court, the CID requested that the relevant investigations be carried out, and if necessary, further legal orders should be sought to continue the probe. The court has instructed that all necessary steps be taken to ensure a thorough investigation into the financial fraud.

This investigation has drawn significant attention as it involves high-profile political figures and government funds, highlighting concerns over accountability and transparency in the management of public finances.

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