ISLAMABAD, The National Accountability Bureau (NAB) has arrested persons involved in Rs. 6.5 billion Modarba/Musharika case on charges of corruption, corrupt practices and cheating public at large in ploy of Islamic mode of investment.
The investigations revealed that the accused persons – Nazir Ahmed,
Muhammad Usama Abbasi and Ibrahim Al Shoraim, Directors of Mufti Ehsan ul Haq, Fiazzi Group of Industries in connivance with each other induced public at large to invest the amount in their illegal Modarba/Musharika business against attractive profits and thus looted the general public at large.
According to NAB here on Friday, it has filed six references in Modaraba/Musharika scam and so far 26 accused persons have been arrested in the scam including Mufti Ehsan-ul-Haq, Mufti Ibrar-ul-Haq, Hafiz Muhammad Nawaz, Moeen Aslam, Obaidullah, Mufti Shabbir Ahmad Usmani, Sajjad Ahmed, Asif Javed, Ghulam Rasool Ayubi, Muhammad Hussain Ahmed, Hamid Nawaz, Muhammad Irfan, Bilal Khan Bangash,Matiur Rehman, Muhammad Numan Qureshi, Syed Aksheed Hussain, Muhammad Adil Butt, Muhammad Saqib, Umair Ahmed and Khan Muhammad.
Chairman NAB, Qamar Zaman Chaudhry has directed to further speed up their efforts for arrest of all the accused in this scam and recover looted money from corrupts so as to return it to its genuine affectees.