The National Accountability Bureau (NAB) Rawalpindi Tuesday approved to file another reference in Rs 324.449 million Modarba case of M/s Islamic Traders Private Limited. The reference will be filed in the Accountability CourtRawalpindi, said NAB spokesman.
The reference has been approved against Maulana Abdullah, main accused in this case, Abdur Rehman and three other accused persons of M/s Islamic Traders (Pvt) Ltd and others on charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment.
The reference has been approved by NAB Rawalpindi director general (DG), exercising powers delegated to him by NAB Chairman Qamar Zaman Chaudhry under National Accountability Ordinance (NAO) 1999.
The NAB Rawalpindi has received more than 650 complaints from the general public alleging therein that the accused persons have collected millions of rupees as investment in the name of their Modarba business. They paid profits for few months but now they are neither paying the profit nor returning the principal amount.
The regional bureau is currently investigating 93 cases of multi-billion Modarba scam and has so far received 40,139 claims from scam victims. The bureau has so far recovered Rs 1.691 billion in this mega scam.
So far, 16 accused have been arrested in Modarba scam including Mufti Ehsanul Haq, Mufti Ibrarul 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 Nauman Qureshi and Syed Aksheed Hussain.
The NAB is pursuing Modarba cases with utmost efforts for recovery of looted money so as to provide relief to the victims.