Rawalpindi, October 15, 2014 (PPI-OT): The National Accountability Bureau (NAB), Rawalpindi has arrested today an accused Muhammad Adil Butt of Nauman Ejaz (NE) Associates allegedly involved in a Rs 460 million Modarba case.
NAB Rawalpindi has so far received 492 claims in this case amounting to Rs 460 million. During the inquiry it transpired that the accused person in connivance with each other induced public at large to invest the amount in their NE Associates’ illegal Modarba / Musharika business (Juice business) against attractive profits and thus looted the general public.
The investigation team is trying hard for recovery of looted money and has traced some property (including two houses and some agricultural land) which has been seized. The accused (Muhammad Adil Butt) will be produced before the Accountability Court Islamabad tomorrow for obtaining his physical remand.
It is pertinent to mention here that NAB Rawalpindi has already arrested two other accused persons in this case including Syed Aksheed Hussain and Muhammad Nauman Qureshi. The Bureau has so far recovered Rs 40 million in this case.
So far 17 accused persons have been arrested 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 Nauman Qureshi, Syed Aksheed Hussain and Muhammad Adil Butt.
NAB is committed to eliminate corruption from the society and trying hard to recover looted money from the plunderers.
For more information, contact:
National Accountability Bureau (NAB)
ATTATURK AVENUE G-5/2, Islamabad
Tel: +92-51-111-NAB-NAB (111-622-622)
Email: email@example.com, firstname.lastname@example.org