July 1, 2019 at 6:52 pm
Chitral Times Report
PESHAWAR: NAB Khyber Pakhtunkhwa arrested Syed Noor Habib Shah (Absconder) who in the garb of Islamic mode of financing i.e. Mudaraba with the name of Al-Barakah Investment Company allegedly cheated public at large and looted approximately Rs. 48.784 Million from innocent people fraudulently.
During the course of inquiry / investigation it was revealed that the accused persons invited general public in a fake investment company in the name of Al-Barakah Investment Company under the grab of Mudarabah and carried out import / export of different items i.e. Milk Pack, Fabrics, Fridges, Sewing Machines, Generators, Vehicles Turbines and Engines. They lured general public to handover their hard earned money to them on the promise that they would be paid huge profit on their investment. The accused after few months not only stopped paying profits but also refused to return original invested money of innocent people and disappeared from the scene. It is worth mentioning here that NAB Khyber Pakhtunkhwa received claims upto Rs.48.784 Million against accused so far. It merits mentioning here that Badshah Rehman and Naimat Khan were previously arrested in the instance case.
The accused person will be produced in the Accountability Court Peshawar for obtaining his physical remand.