Fraudulent schemes: NAB files reference against swindlers

PESHAWAR: NAB Khyber-Pakhtunkhwa formally filed a reference of Rs47.11 million in an accountability court of Peshawar on Monday after completion of investigation against Qazi Muhammad Abu Bakar, Qazi Muhammad Naeem, Abdul Basit, Abdur Rehman Shoaib and Zeeshan Firdous. The accused are owners of Islamic Investment Ltd, who in the garb of Islamic mode of business i.e. Modaraba/Musharaka businesses, allegedly cheated the public at large and looted millions of rupees from unsuspecting people. NAB K-P has placed the names of the accused on the exit control list (ECL).

Published in The Express Tribune, December 23^rd, 2014.