Court remands investment scam suspect in NAB custody
Nadeem Jagga, a key accused in one of province’s biggest financial scandals, arrested from BHC premises
PHOTO: REUTERS
QUETTA:
An accountability court in Quetta on Saturday remanded Nadeem Jagga - one of the main accused in an investment scam - in the National Accountability Bureau (NAB) custody for 14 days.
Jagga was earlier arrested from the premises of the Balochistan High Court (BHC) after the court rejected his request for pre-arrest bail.
He is a key accused in one of the biggest financial scandals in Balochistan's history in which thousands of people were deceived through a fake investment scheme.
NAB had received a large number of complaints alleging that Kashif Qamar and his business partners, including Jagga, lured people to invest in their fraudulent company by promising lucrative returns.
Experts suggest review of NAB law
Preliminary Investigations by NAB revealed that the alleged fraudsters had built offices at various locations in Balochistan and Sindh and received billions of rupees from the public but the company suddenly closed down all its offices and left without a trace.
Later, NAB Balochistan intelligence teams raided various areas to arrest those involved in the fraud but the central suspects could not be apprehended.
However, one of the accused, Jagga, tried to get pre-arrest bail from the BHC and NAB managed to arrest him from the court premises after his bail application was rejected.
The accused was presented before the accountability court Judge Munawar Ahmed Shahwani with the request that he be remanded in custody for further interrogation.
Published in The Express Tribune, December 15th, 2019.
An accountability court in Quetta on Saturday remanded Nadeem Jagga - one of the main accused in an investment scam - in the National Accountability Bureau (NAB) custody for 14 days.
Jagga was earlier arrested from the premises of the Balochistan High Court (BHC) after the court rejected his request for pre-arrest bail.
He is a key accused in one of the biggest financial scandals in Balochistan's history in which thousands of people were deceived through a fake investment scheme.
NAB had received a large number of complaints alleging that Kashif Qamar and his business partners, including Jagga, lured people to invest in their fraudulent company by promising lucrative returns.
Experts suggest review of NAB law
Preliminary Investigations by NAB revealed that the alleged fraudsters had built offices at various locations in Balochistan and Sindh and received billions of rupees from the public but the company suddenly closed down all its offices and left without a trace.
Later, NAB Balochistan intelligence teams raided various areas to arrest those involved in the fraud but the central suspects could not be apprehended.
However, one of the accused, Jagga, tried to get pre-arrest bail from the BHC and NAB managed to arrest him from the court premises after his bail application was rejected.
The accused was presented before the accountability court Judge Munawar Ahmed Shahwani with the request that he be remanded in custody for further interrogation.
Published in The Express Tribune, December 15th, 2019.