Modaraba scam: NAB arrests Mufti Ihsan-ul-Haq


ISLAMABAD: A special team of National Accountability Bureau (NAB) Rawalpindi headed by Director General Col (R) Subah Sadiq Malik arrested Mufti Ihsan-ul-Haq, Chief Exective M/S Fiazi Group of Industries Pvt Ltd.

Mufti Ihsan-ul-Haq was required in large Modaraba scam as he formulated a company, luring the innocent people by enhanced rate of interest for which he was not authorized.

An inquiry reveals that apparently thousands of people have been defrauded by the accused and his accomplices.

It is pertinent to mention that accused was entered into Voluntary Return (VR) with NAB Rawalpindi to pay back the looted money, but he failed to do so. Now the looted money will be recovered from the accused person and will accordingly be disbursed to the affectees after proper verification. A large number of claimants submitted their claims to NAB for remedial action.

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