ISLAMABAD, Oct 31 (INP): The National Accountability Bureau (NAB), Rawalpindi, has taken custody of Khan Muhammad of Abdullah Traders, main accused in the Rs701 million Modarba case, on charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment.
During the investigation, it transpired that the accused person induced public at large to invest the amount in their ‘company’ Abdullah Traders, illegal Modarba/Musharika business’ against attractive profits and thus looted the general public at large. The arrest warrants of the accused were issued by Director General (DG) NAB Rawalpindi. The accused was produced before the Accountability Court and the court granted nine days physical remand of the accused.
So far 20 accused have been arrested in Modarba 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 and NAB has filed six reference in Modaraba case so far.
Chairman NAB Qamar Zaman Chaudhry has directed the NAB authorities to further speed up their efforts vigorously for recovery of looted money so as to return the money looted in Modaraba scam to its genuine affectees at the earliest.