LAHORE: The National Accountability Bureau (NAB) Punjab distributed Rs32.3 million to 250 affectees of Abdul Shakoor, an agent of Tasawar Hussain Gillani group of Double Shah scam, said a press release on Thursday.
Tasawar initially worked as a partner of Double Shah, but subsequently formed a separate group and looted Rs1,932.74 million directly from 3,916 persons and 2,693 people through agents. Tasawar and his accomplices have been convicted by an accountability court and sentenced to 12 years imprisonment and fines to the extent of their liabilities.
Speaking to a gathering at the cheque distribution ceremony on Thursday, Director General NAB Khurshid Anwar Bhinder commended the performance of the investigation team and warned people of investing their money in similar projects.
Originating in Wazirabad during 2005-2007, Syed Sibtul Hassan Gillani, alias Double Shah, allegedly deprived 43,000 people of more than Rs1.32 billion by promising to double their investments. After the scam was exposed, around 46,364 claims for Rs9,091 million were made against the accused.
The victims had approached NAB for redressal and proceedings against Double Shah were initiated. An extensive campaign was launched for collection of claims by affectees, through electronic and print media.
Double Shah has been convicted by an accountability court and sentenced to 14 years with Rs5.43 billion fine and confiscation of all his properties.