NAB apprehends three for embezzling Rs 86.694m

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The National Accountability Bureau (NAB) on Thursday arrested Dawood Khalid, Nadeem Ayub and Riaz Khalid who were partners in running Suzuki Chaudhry Motors in Rawalpindi.

The accused persons were allegedly involved in fraudulently receiving hefty amounts from a large number of people on account of showroom pool investment. The accused cheated on people by offering them profit on monthly basis. NAB has alleged that the three had looted people of Rs 86.694 million through this financial scam.

57 COMMENTS

  1. is this proved yet or just an aligation till now?
    i think there are lot of other national matters that nab should peroritize. like loadshedding, cng, roads etc

  2. I was the one who invested at Chaudhry motors as an investment point of view, n get a very good profit, which is according to shariah, In other way around i get a very sincere and genuine opinion from there sales persons on purchase of cultus & mehran, which other dealers do not do…. i do not want to mention any dealers name… Moreover as per Shariah and law, business is totally based on profit and loss. These people were running business from more than 20 years, and the real time for the scams were, when leasing was on……..

  3. I was invested in 2011 & 2012 for suzuki bolan & ravi pickup. It was safe & clean deal.
    There is no such case of fraude or dely in any matter.

  4. i dont think that chaudhry motors did fraud bec every investor is educated and knw the place where thay are investing …nab is made for govt offical frauds but unfortunailty thay are wasting time on local bussinessmans …there are many other issus in this country lyk power projects faruds etc ..no body is looking on this matter …

  5. Sad to know this news as i bought cultus in 2010 and later on my uncle purchased mehran. We were very hsppy with their services as delivery was very fast and both deals were very fair .

  6. this is a very shoking and sad news …i use to go chaudhry motors for cars and opinions…i dont think that thay do any fraud like this….thay have a very reputable name in automobile industry..i am releate to print media sector and i know that nab is working for 10 to 15 percent comission . there is no rule nd law in pakistan …money launders killers are moving freely no NAB ISIS etc looking on it …

  7. Its very difficult for me to think that chaudhry motors do fraud with the people, i think the story behind that is something else… i think someone has created scam against chaudhry motors… i purchased Bolan from them and it was a very fair deal…….and the other purchase is of mehran.. .. with the same enthusiasm….

  8. profit and loss is a part of buss ..nab should over view all aspect then make a decison either its a loss r fraud..wat i knw is dat chaudhry motors is in a market from a last 23 years and thay have a very ownerable name …the person who do a fraud have many ways to go out from this country but thay didnt did anything lyk that ..i think the story is somehing else …

  9. I buy Suzuki cars almost every year from Chaudhry Motors Rawalpindi. Every time I received vehicle’s documents on time without any delay in time.
    Also sometimes I delayed payments but Chaudhry Motors cooperate in delivery of vehicles on time.
    In my opinion the accusition of fraud is totally negative.
    NAB should take action against the person who is accusing Chaudhry Motors.

  10. hi, i dont no watz the matter is but i m a customer of chaudhry motors from the last 5 years ,we purchased almost 4 cars in our family .when ever i met them i never found him lyk a pplz who do these kinds of activities …ALLAH bless them …

  11. Bleeping debt collecting crooks set up by the idiot general. national accountability bureau … my a**. Wot govt department seek 10% commission of the recovery amount. Transgressors with a license. Abducting people and holding them for ransom. Die u idiots

  12. The person who actually did the fraud was the fourth partner of Chaudhry motors.. The main culprite.. Masood shahid. He' used to the money he stole and now he is roaming free.. Chaudhry motors has 4 partners not 3 ..

  13. The person behind this whole scam is Masood Shahid, the person who took money from everyone and he along with his 2 sons did everything and this is coming from a person who was mugged by Masood Shahid.

  14. The person behind this whole scam is Masood Shahid, the person who took money from everyone and he along with his 2 sons did everything and this is coming from a person who was mugged by Masood Shahid.

  15. The judgement doesn't even mention Masood Shahid… The actual culprit along with his sons! They r the ppl behind this whole scam!

    • Yes that is exactly the case.. The rest are innocent besides Riaz perveiz who was his partner in crime, these two mugged people at the murree road branch and then locked it up, while the innocent partners faced every investor at the humak branch.. The nab authorities called them for a settlement but arrested them instead.

  16. So the person who is behind this hasn't even been mentioned Masood Shahid and he with Riaz Pervaiz (not Riaz Khalid) had given us cars whose AC's had been changed and it had been altered with. When dealt with Nadeem he reconciled us with the damages that had been done by Masood and his accomplices. Without even proper knowledge this news has been given. It's quite a shame that without proper authenticity PakistanToday would do this.

    • Dear if you have AC problem in your car…… then its customer satisfaction issue…. not a SCAM…….. Please dont abuse any person due to such issues.. Thanks

  17. This is utterly disgusting that the mentioned names are innocent persons that I personally know of , yet the culprits behind this scam are from influential family. PakistanToday please sort this out…..

  18. I don't even believed when I first read this. Masood the person who has been involved in this all hasn't even been mentioned because APP didn't verify this news. I've been following this very closely and to see that Masood Shahid and Riaz Pervaiz who even tried scamming us haven't been correctly mentioned is a disgrace to media and this news. PakistanToday please sort it out.

  19. u had problems with the car ACs. u got them fixed by the business. it doesn't count as a scam bro. for God sake stop copy pasting the crap

    • You talk like you're one of them ehh? The problem wasn't with one car, bought 3 different cars and everytime if it wasn't the AC then the CNG kit was changed or the cd player was changed. On inspecting it was found that the real people behind were the ones I mentioned. Before commenting atleast get your facts straight.

  20. and u talk like ur an inspector or an auditor linkind ur miserable ACs and CNG kit with an 86mil scam. u have lost it mate. wait and watch….when the plaintiff will speak on his own on all of it. Its gonna get cleared up shortly once the results come up. and yeahh u exactly know who i am bro. peace

    • Well before going on and pointing out my mistakes, why don't you clear up what is your verdict in all this cuz clearly instead of dealing with the matter at hand you seem to be hell on bent with hunting me down no?

  21. suzuki chaudhry motors were 1 of the highest performing dealerships in the country i dont think they would be stupid enough to scam 83 mil, there is defiantly something behind this!!!

  22. as human i am very sad that dawood khalid nd nadeem ayub r going through this matter n being publicised as a corrupt people bcuz they r NOT!! y nab catches innocent people answer me this?

  23. The matter is not who is involved nd whos not .I knw every director of ch motors from many years thay have a very reputable name nd pplz who are jeloused are taking advantage from this time …I am requesting to everyone that pray for all itz time to unite…

  24. Chaudry Motors would never scam people they are honest devoted people towards their dedicated work and never give any pressure on any customer as i have purchased a Mehran and after selling that i got a cultus and a swift and they were given at a very reasonable price with proper guideance and instructions about car maintaince which nowadays no one bothers to give such valueable piece of information, the real fraudlant person would be the person whos accusing ch.motors suzuki – ch.motors has deveoped its name through hard work and sheded blood, sweat n tears for being the number 1 suzuki retail seller and having the best sales record over all the present showrooms and i know the director personally that he would never do such a thing so please review your facts again this accusation could be false just in the case of greed of attaining something ..i hope i have made my point clear

  25. FIRSTLY clarify, the TEAM was not FRAUDULENTLY receiving payments.business is a deal with the investees acknowledging profit and loss.the news breaker should first go and check wat actually business is…any how the investors have been receiving their profits since so many years..if it was a fraud,CM would have escaped much earlier.

  26. Dear All,, please go through the facts,, Then give your opinion…… If Masood shahid SB is a person who done all this scam, and he have 83 billion, then. why he is in Pakistan yet.?..why he is trying level best to release there partners.?…. I think the economic conditions doesn't support business in a current scenario….. Be positive in approach…..

  27. I think there is a spammer in all this conversation, who is is trying to abuse Masood Sb….using different name…..

    • I guess you know Masood Shahid very well? How much did he give you write this anyway? If you had the smallest bit of knowledge, no instead the smallest bit of decency then you should've known what he has done and not put a curtain on his deeds. Having closely dealt with him I know this better.
      Plus if you think that he is being abused then try to open up NAB's records as your heartedly Mr Masood Shahid has already been taken into custody by NAB once for a month due to his ill dealings. Get your facts straight before coming into an online forum and accusing others of abuse mister.

      • Please make your thinking positive….. Go on the fact's….. You are highlighting an A/C issue… grow up man…..

      • your pathetic, if your whining just over an a/c – the rest of the car functions right?! then quit blabering technology is built by humans and there is reason why theres a word called 'malfunction' in the dictionary, look it up kid your issue is no big than 2000-4000rs but the rest of the car is intact right? which makes its total value in lakhs ..your never going to get ahead of life if you cry over 1rs based losses people loose way more and all your doin is cryn about an a/c jeez

        • Usman asking me to group up? Why not go on and read the rest of the thread before blaming me kid. And for crying out loud why don't you read that I bought more than a dozen cars with ending up with the same issue. You must be out of your mind if you decided to comment blindly without going through the facts. That's the problem, people like you fail to notice what's the truth and just pick up a small point and start your very own essay on it.

          • Mr. Mohsin, dozen of the cars have the same problem…… wht a shaky statement…. any way reply to your answer is that its company fault not a dealers fault……..

  28. Yar ye pakistan hai jahan nuksan honay par to investor har police , nab , fia , wagra pohanch jata hai aur sab investigate bhi karnay lag jatay hain but investor say ye koi nahi pochta Kay bhai ap croron invest kar rahay hain but ap kay pas croron aie kahan say ..yahan sab tax chor hain …mujhy nahi malom kay ch motor nay kya keya aur kya nahi but qanoon sab kay lya hona chahya ….

  29. Usman ap koi govt servant lag rahay ho jo kay bht farag ho jao koi kam sham karo yahan bath kay batain karna bara asan kam hai agar itni lambi stories likhnay ka shok hai to behtar hai kay koi novel wagra likho

  30. Usman ap koi govt servant lag rahay ho jo kay bht farag ho jao koi kam sham karo yahan bath kay batain karna bara asan kam hai agar itni lambi stories likhnay ka shok hai to behtar hai kay koi novel wagra likho

  31. I work for this organization almost 5 years all directors are honest nd down to earth .. I met many investors during ma job there thay not only invested money in chaudhry motors but thay are a investors of other dealerships as well …now I m working in a construction compnay and I observe that there is no bussiness who is running without investors …all from this aspect we should also know this thing that all investor invest their money to escape from incom tax …I was a part of this company and I proud on it …God bless them ….

  32. This is very sad to know about the organization like chaudhry motors ….I cant believe this …

  33. Wtf I can’t believ this , this is imposible , thay are not like that people who do fraud bla bla …very good human beings are thay …

  34. This is totaly a fake story , everybody knows that NAB is a commision based department and thay always tries to capture the innoscent white colour pplz so where thay can get easy money by blackmailing them …

  35. Shame for them who is working against the organizatiom who make many names….chaudhry motors traned many employes who is now working in banks leasing companies and many other big organisation …I was also a part of chaudhry motors and now I am working in bank …this is total a fake elegation ..chaudhry motors is a very big respactable name …I love this organization …Allah in sab ko izat aur buray logon kay buray iradon say bachai , ameen

  36. This is a idot story makes by a corrupt comission based department NAB ..every Pakistani knows the cradibility of this corrupt department …in automobile u cant run a bussiness without investments …where were these corrupt departments when own money was on peak …and now a days when bussiness is in average bases the corrput department like NAB showing their activness ..why these department dont ask a investor who do nothing but their investment in bussiness is in millions nd billions from where thay getting this money …are these investors registered from.income tax ..this is pakistan where corrupt pplz are working in these corrupt govt departments and a white color pplz and bussinessman are easy targets form them ….

  37. This is impossible . I am sure thay ll come out of this elegation very soon inshallah . Allah wil help him …nice pplz nd excellent bussinessmans .

  38. I feel very sad to hear about the pplz like chaudhry motors ….very respectable gentlemans thay are …I would like to request the so calld department NAB to please make sure befeore to elegate the pplz like chaudhry motors …FIAMANALLAH

  39. This is impossible , I know them from many years .. I also invested in bookings not only in this dealership but almost all dealerships …I never found them to be particapted in negative activites ,

  40. I booked many cars and also sold them from there never got my payment late r any fake deal ,, true pplz nd professional bussinessmanz

  41. I recently purchased cultus from chaudhry motors , thay are very professional and all the team is very friendly …I cant believe this that thay do fraud ….

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