Islamabad, April 03, 2015 (PPI-OT): National Accountability Bureau (NAB) has arrested today Muhammad Bilal Afridi S/O Muhammad Sulman Afridi, Director of Mufti Ehsan ul Haq, Fiayyazi Group of Industries who is accused in Rs 7.5 billion Modarba case, on charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment.
NAB Rawalpindi is currently investigating 96 cases of multi-billion modarba scam, in which 8 cases are in Reference stage, 14 are at investigation stage, 5 are at inquiry stage, 2 are at complaint verification stage and 67 are on complaint stage. NAB has so far received *33744* complaints from Modaraba/Musharika scam affectees. NAB has filed 6 references in Modaraba Scam and recovered *Rs 1.734 billion in this mega scam.*
The Bureau has so far arrested 31 accused persons in Modarba scam including Ghulam Rasool Ayubi, M Khalid, Hussain Ahmed, Mufti Shabbir Usmani, Sajjad Ahmed, Muhammad Irfan, Hamid Nawaz, Mufti Ehsan ul Haq, Obaid Ullah, Ibrar ul Haq, Hafiz Muhammad Nawaz, Muhammad Moeen Aslam, Umair Ahmed, Nazir Ahmed, Ibrahim Alshoriam, M Usama, Aqeel Abbasi, Saifullah, Asif Javed, Bilal Khan Bangash, Khan Muhammad, Mateeh ur Rehman, Ijaz Anwar, Muhammad Saqib, Muhammad Ehsan, Muhammad Nauman Qureshi, Syed Aksheed Hussain, Adil Butt, Mufti Hanif khan, Hafiz Mukhtar and Muhammad Bilal Afridi.
For more information, contact:
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