ISLAMABAD: The National Accountability Bureau (NAB) has filed 30 references in the Mudarabah/Musharakah scheme worth billions of rupees that came out seven years ago and recovered Rs.2 billion 29 crore in cash and assets in a few cases.
According to the report, NAB also arrested 45 people as per the information provided in the board meeting chaired by Chairman NAB Justice (R) Javed Iqbal.
According to a NAB statement, NAB Rawalpindi filed 30 references in the accountability courts and in some cases received cash worth Rs. 64.78 million while freezing assets.
It may be recalled that the Mudarabah/Musharakah scandal surfaced in 2013 in which some religious leaders were involved and were later arrested on the charge of cheating innocent people, including retired government employees and widows, for their hard-earned money. Wanted to invest in Islamic investment schemes.
Religious leaders arrested include Mufti Ehsan-ul-Haq, Mufti Abrar-ul-Haq, Hafiz Mohammad Nawaz, Moin Aslam, Obaidullah, Mufti Shabbir Ahmed Usmani, Sajjad Ahmed, Asif Javed, Ghulam Rasool Ayoubi, Mohammad Hussain Ahmed, Hamed Nawaz, Mohammad Irfan, Bilal. Khan Bangash, Matiur Rahman, Mohammad Noman Qureshi, Syed Akshid Hussain, Mohammad Adil Butt, Mohammad Saqib, Umair Ahmed, Aqeel Abbasi, Mufti Hanif Khan, Nazir Ahmed Ibrahim and Saifullah are among the 45 accused.
The meeting also informed that Najmuddin and Ghulam Rasool were sentenced to 14 years imprisonment and a fine of Rs 6.70 million in the case of the accountability court Islamabad, besides all the charges against the accused Najmuddin and Ghulam Rasool Ayubi. Have proven to be true.
The suspects were arrested by NAB Rawalpindi on charges of cheating the public in the name of Islamic investment in a scandalous scandal. The accountability court also ordered the confiscation of the properties of both the accused.
It was also informed at the meeting that NAB Rawalpindi sentenced Chief Executive Officer Fayazi Group of Industries Mufti Ehsanul Haq to 10 years imprisonment and a fine of Rs 9 billion while the other 9 accused were asked to pay a billion fine.
During the meeting, it was reported that NAB Rawalpindi on account of fraud and looting of Rs. 9.52 million from the public in the name of corruption and Islamic investment. I filed a corruption reference.
NAB Rawalpindi has filed a corruption reference in the Accountability Court Rawalpindi against Mohammed Bilal and other accused of Bilal Trading Corporation on charges of corruption and fraud in public in the name of Islamic investment.
NAB Rawalpindi has filed a corruption reference in the Accountability Court Rawalpindi against Chief Executive Officer Al Jazeera International Mohammad Yasser and other accused on corruption and fraudulently robbing the public of Rs.55 million in the name of Islamic investment.
A case has been filed in the Accountability Court Rawalpindi against Chief Executive Officer Messrs. Al-Baraka Marketing Company Private Limited and other accused of allegedly robbing the public of Rs 200 million in fraud in the name of corruption and Islamic investment.