National Accountability Bureau (NAB) has put the name of Nadeem Hamid, Sheikh Director Natover Leasing and Re-finance limited (NLRL), on ECL and assets of the CEO and his family members have been frozen. A spokesman of the NAB KP said that the Bureau has started inquiry against Directors of NLRL, Natover International Private Limited (NIPL) and Orion Investment Company and significant progress has been made so far to ensure payment to the hit people.
Dozens of hit people are registering their claims against the said companies on daily basis. The total liability calculated against the companies in initial probe calculated as Rs 708 million. The companies' directors were involved in massive scale cheating public at large and deprived hundreds of hit people of their hard earned money on the pretext of giving them exorbitant profit. Scrutiny of the record reveals that investments were made in NLRL by the complainants for getting higher returns.
To establish public confidence over the companies the investors were paid profit for some time but later on the same were stopped and even the principal amount were not returned back. Efforts are in hand to unearth their assets and money trail where the amount has been siphoned out.
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