The National Accountability Bureau (NAB) on Thursday filed another corruption reference in the multi-billion Modarba scam against Asif Javed alias Maulana Ibrahim, Chief Executive Officer (CEO) of Elixer Group along with Mufti Osama and nine other accused.
An official said that the NAB Rawalpindi had filed another reference in Rs 7 billion Modarba scam in the Accountability Court against accused Asif Javed, Muhammad Umar, Muhammad Nasir, Muhammad Usaman Zia, Abdul Rafay, Nasir Ali, Ghulam Qadir Khan, Bashir Ahmad, Abdul Khaliq, Abdul Rehman Khan and Shahid Aziz for allegedly committing corruption and corrupt practices and cheating the public at large using the ploy of Islamic mode of investment. The NAB Rawalpindi had so far received more than 20,000 claims in the case. 14,000 claims had been registered, he said.
He said that the NAB Rawalpindi was presently investigating 93 cases of Modarba scam and had so far received 40,139 claims from the scam affectees. The bureau had so far recovered Rs 1.691 billion and already filed five references in this mega scam, he said.
So far 18 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 Javeed, Ghulam Rasool Ayubi, Muhammad Hussain Ahmed, Hamid Nawaz, Muhammad Irfan, Bilal Khan Bangash, Matiur Rehman, Muhammad Nauman Qureshi and Syed Aksheed Hussain.
He said that accused persons convinced people in mosques and madrassas against the present banking systems and invited them to make investment in the name of Modaraba in cash. The major affected areas include: Hazara Division, Federally Administered Tribal Areas (FATA), Malakand Division, Potohar Division and Azad Jammu and Kashmir, he said.
The official said that the NAB took up the case of multi-billion scam during March, 2013 after receiving complaints from general public as well as Securities and Exchange Commission of Pakistan (SECP) alleging that Mufti Ehsan, chief executive officer of a private company, presently in NAB custody and others were involved in illegal business of Modaraba without approval from the authorities concerned. The SECP informed the NAB that seven companies were involved in the illegal business, but none of these was registered with the government and their accounts had not been verified by any certified auditor, he said.
Comments
Comments are closed.