National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested an accused Syed Hussam uddin Shah s/o Syed Rafi Uddin Shah, resident of Rawalpindi, for his alleged involvement in cheating public at large under the garb of investment in Islamic Mudarraba swindling hundreds millions of rupees.
According to a press statement issued here on Thursday, NAB Khyber Pakhtunkhwa initiated inquiry against the accused person upon receipt of several complaints.
It transpired during the investigation, that the accused in connivance with others persuaded and motivated the public to invests in their Mudarraba business showing them multiple businesses.
They promised exorbitant profit to the public on their investments, but in fact there was no such business.
Thus the accused person defrauded the general public and deprived them of their hard earnings.
The case is under trial in Accountability Court. The accused will be produced before the Accountability Court for obtaining his physical custody.
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