The National Accountability Bureau (NAB) Saturday produced three accused in an Accountability Court (AC) who were arrested a day earlier.
The AC has given 14 days remand to Nazir Ahmed, Muhammad Usama Abbasi and Ibrahim Al Shoraim, directors of Ehsanul Haq’s Fayyazi Group of Industries who were accused in Rs 6.5 billion Modarba/Musharika case on charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment, said a press release issued on Saturday.
NAB has received 35,268 complaints in Modaraba /Musharika scam. During the investigation, it transpired that the accused in connivance with each other induced public at large to invest the amount in their illegal Modarba/Musharika business against attractive profits and thus looted the general public at large.
NAB has filed six reference in Modaraba/Musharika scam against Mezban Stores, Fayazzi Group of Companies, Bolan city, Al waisay, Islamic and Elixir group and so far 26 accused have been arrested in Modarba/Musharika scam including Ehsanul Haq, Ibrarul Haq, Muhammad Nawaz, Moeen Aslam, Obaidullah, 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.
