NAB Rawalpindi has filed two corruption references in the Accountability Court
In the first corruption reference filed against Irfan Haider Awan, Chief Executive Officer (CEO) Pearl Shine Group and other accused persons in Modarba case on charges of cheating public at large in the ploy of Islamic mode of investment. In this reference the accused persons looted Rs. 24.23 million in Modarba case.
In the second corruption reference, NAB Rawalpindi has filed in Accountability Court (AC)Islamabad against Amin Ur Rehman and other accused persons on charges of cheating public at large in the ploy of Islamic mode of investment. In this reference the accused persons looted hard earned money of innocent people of Rs. 8.46 million in Modarba case.
NAB Rawalpindi has filed 14 corruption references in Modarba Scam of Rs 22 billion. NAB Rawalpindi has recovered Rs.1.73 billion from Modaraba Scam besides properties and vehicles. NAB has also arrested 32 accused in the case.
During investigation, it has transpired that the accused persons induced public at large to invest their hard earned money in their illegal Modarba/Musharika business against attractive profits and thus looted the general public at large. The investigation teams are trying hard for recovery of looted money from the accused and have traced some properties, houses and agricultural lands which have been frozen under the law.
NAB has arrested 34 accused 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, Aqeel Abbasi, Mufti Hanif Khan, Nazeer Ahmed Ibrahim Alshoriam and Saifullah.
