KARACHI: National Accountability Bureau (NAB) here Friday arrested Ehsan Shah Shirazi, Syed Azhar Hussain Shirazi and agent Shah Abdul Qadir of M/s Sunland Crops Care (Pvt) Limited on charges of cheating public at large.
According to NAB official Qudsia Kadri, the arrested directors collected millions of rupees from hundreds of innocent people under the guise of investment/modarba business.
The accused persons were said to be involved in defrauding public at large by offering attractive monthly profit under the pretext of Riba free business (Modarba), which was paid only for a few months.
The accused disappeared and did not respond to any of the affectees.They neither returned their principal amount nor profit.
Three of the accused persons namely Ehsan Shah Shirazi, Syed Azhar Hussain Shirazi (both directors of the Company and Shah Abdul Qadir (Agent) have been arrested on 15-5-15 from a hidden room in the basement of their residence.
NAB official has asked all affectees of impugned company to submit their claims to NAB Karachi.