The National Accountability Bureau (NAB) Rawalpindi on Tuesday approved to file another reference in Rs 324.449 million Modarba case of M/s Islamic Traders Private Limited. The reference will be filed in the Accountability Court Rawalpindi.
The reference has been approved against Maulana Abdullah, main accused in the case, Abdur Rehman and three other accused of M/s Islamic Traders (Pvt) Ltd and others on charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment. The reference has been approved by Director General (DG) NAB Rawalpindi, exercising powers delegated to him by NAB Chairman Qamar Zaman Chaudhry under National Accountability Ordinance (NAO) 1999.
The NAB Rawalpindi has received more than 650 complaints from the general public alleging therein that the accused persons have collected millions of rupees as investment in the name of their Modarba business. They paid profits for a few months, but now they are neither paying the profit nor returning the principal amount.
It is pertinent to mention here that the Regional Bureau Rawalpindi is currently investigating 93 cases of multi-billion Modarba scam and has so far received 40,139 claims from scam affected people. The Bureau has, so far, recovered Rs 1.691 billion in the mega scam. So far 16 accused persons have been arrested in Modarba scam.-PR
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