Chitral Times

Aug 23, 2019

News Detail

  • Cheating public at large; Sher Jan and Zahidullah convicted in Mudarba Scam

    May 31, 2019 at 6:47 pm

    Chitral Times Report

     

    PESHAWAR: Accountability Court today convicted Sher Jan s/o Rabnawaz Khan and Zahid Ullah s/o Abdullah Jan for a term of RI 3 years each and fine of Rs 1.9 million and 7.3 million respectively in Mudarba scam.

     

    As per details, convict Sher Jan and Zahidullah in connivance with each other lured general public to invest their hard earned money in  their mudarba business by showing multiple fake businesses of wheat , timber and vehicles and offered them huge profit. A total of 46 innocent individuals invested in the fraudulent business. Later on the culprits not only stopped paying profits to the affectees but also embezzled the principal amount. NAB Khyber Pakhtunkhwa flied reference in Accountability Court and successfully proven the case.

    It merits mentioning here that NAB KP under the dynamic leadership of Chairman NAB Justice Javed Iqbal is working to provide relief to general public through accountability regime.  NAB  has time and again warned general public to be wary of such fraudulent business.

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