NAB arrests 43 in Modarba scam, recovers Rs568.82m

ISLAMABAD: The National Accountability Bureau (NAB) has arrested 43 people in multi-billion Modarba scam and recovered Rs568.82 million from the accused.

NAB Chairman Qamar Zaman Chaudhry, who chaired a meeting here, was informed about the progress in the investigations of the scam and recovery made so far.

Those apprehended include Ghulam Rasool Ayubi, Hussain Ahmed, M Khalid, Muhammad Nauman Qureshi, Adil Butt, M Ejaz, Muhammad Irfan, Hamid Nawaz, Mufti Shabbir Usmani, Sajjad Ahmed, Salahuddin Khan, Muhammad Ihsan, Hanif Khan, Mufti M Ehsanul Haq, Muhammad Ibrarul Haq, Obaid Ullah, Hafiz Muhammad Nawaz, Wajid Ali, Hafiz Mukhtiar Khan, Muhammad Osama Abbasi, Umair Ahmed, Muhammad Bilal Afridi, Ibrahim Al Shoraim, M Aqeel Abbasi, M Osama Qureshi, Saifullah, Nazir Ahmed, Muhammad Idrees, Abdul Malik, Irshadullah Jan, Fazal Subhan, Asif Javed alias Maulvi Ibrahim, Rashid Minhas, Mufti Muhammad Saqib, Muhammad Wali, Shamsur Rehman, Muhammad Yasir, Hussain Ahmed Deshani, Matiur Rehman, Mufti Saqib Ejaz Anwar and Bilal Khan Bangash, said Rawalpindi NAB director general.

The meeting was informed that there were 29 cases in Modaraba scam including one inquiry against Elixir Group assistant director Akbar Khan and 28 references filed in respective accountability courts.

Speaking on the occasion, the NAB chairman said that the bureau had chalked out a comprehensive National Anti-Corruption Strategy and adopted zero tolerance policy to curb corruption and corrupt practices.

Since NAB’s inception one of its major achievements had been recovery of around Rs276 billion of ill-gotten money which was deposited in the national exchequer.