The National Accountability Bureau (NAB) has unearthed a big scam of counterfeiting currency, special saving certificates, postage stamps, and educational certificates.
The gang involved in the scam had its network in many cities. On a tip-off, an NAB team conducted raids in Karachi, Lahore, Gujrat, Islamabad, and Muzaffarabad and arrested a number of persons involved, along with counterfeit currency notes. Investigations have been started to establish the magnitude, modus operandi and unearthing more culprits involved in the scam.
The items recovered included special saving certificates of Rs 20 million; travellers cheques; counterfeit currency notes of various denominations (local as well as foreign); revenue stamps of different denominations; large quantity of certificates of educational institutions including Karachi and NED Universities and other educational institutions; letterheads; pads of various post offices and banks; rubber stamps, printers and computers used for counterfeiting activity.