ISLAMABAD: National Accountability Bureau (NAB) on Wednesday filed a reference of Rs. 7.75 billion against Afzal Khaliq alias Double Shah of A.K Forex Private Limited, Wah Cantt who allegedly cheated public at large.
The accused in the garb of Islamic mode of financing i.e. Mudariba/Musharika business allegedly cheated public and looted billions of rupees from innocent people fraudulently through his agents.
As per details issued by NAB, the accused Afzal Khaliq alias Double Shah, a teacher in a private primary school in Doaba district Hangu, Khyber Pakhtunkhwa (KPK) in connivance with other co-accused, cheated public at large.
Accused used 139 agents to lure and collect money from general public in garb of fictitious Mudariba company namely A.K Forex and deprived 3540 people so far from their hard earned money amounting to Rs 7.75 billion.
NAB had already frozen property of Afzal Khaliq Double Shah amounting to Rs.1.5 billion.
In the instant case NAB (KPK) has also arrested Sibt-ul-Hasan Gilani alias Double Shah of Punjab, Wajid Hasan Gilani and Imran Gul on charges of connection in illegal business.
More affectees are approaching NAB and a supplementary reference of Rs.4 billion will also be filed soon.