Accountability court: Modarba scam accused gets seven-year sentence
It was revealed that the accused lured general public to invest their hard earned money in fake muddaraba business
PHOTO: EXPRESS/FILE
PESHAWAR:
Accountability Court Peshawar in reference filed by NAB K-P convicted Ayazul Haq for a term of seven-year rigorous imprisonment and imposed a fine of Rs15 million in a corruption case pertaining to cheating public at large on pretext of fake muddaraba business.
During the course of investigation, it was revealed that the accused lured general public to invest their hard earned money in fake muddaraba business on the promise that they would be paid huge profit on their investment.
The accused person after few months not only stopped paying profits but also refused to pay back original invested money of innocent people and disappeared from the scene.
K-P struggles to spend budget in first half of fiscal year
The Accountability Court Peshawar after taking cognisance of the case proceeded with the trial. After conclusion of trial, the learned judge convicted the accused.
NAB Chairman Javed Iqbal has asked people to invest their money only in government certified mudarbas and musharikas offering safe and Sharaih compliant investment under watch of State Bank and Securities and Exchange Commission of Pakistan.
Published in The Express Tribune, March 28th, 2018.
Accountability Court Peshawar in reference filed by NAB K-P convicted Ayazul Haq for a term of seven-year rigorous imprisonment and imposed a fine of Rs15 million in a corruption case pertaining to cheating public at large on pretext of fake muddaraba business.
During the course of investigation, it was revealed that the accused lured general public to invest their hard earned money in fake muddaraba business on the promise that they would be paid huge profit on their investment.
The accused person after few months not only stopped paying profits but also refused to pay back original invested money of innocent people and disappeared from the scene.
K-P struggles to spend budget in first half of fiscal year
The Accountability Court Peshawar after taking cognisance of the case proceeded with the trial. After conclusion of trial, the learned judge convicted the accused.
NAB Chairman Javed Iqbal has asked people to invest their money only in government certified mudarbas and musharikas offering safe and Sharaih compliant investment under watch of State Bank and Securities and Exchange Commission of Pakistan.
Published in The Express Tribune, March 28th, 2018.