Pakistan News Service

Thursday Nov 26, 2015, Safar 13, 1437 Hijri
Logo Logo
Pakistan News Home -> Tribune Corner -> News Details

Mufti required in huge money scam arrested

07 September, 2013

ISLAMABAD: The special team of NAB (Rawalpindi) headed by Director General Col (retd) Subah Sadiq Malik arrested Mufti Ihsan ul Haq, Chief Exective M/S Fiazi group of industries Pvt Ltd, involved in a huge money scam.

Mufti Ihsan Ul haq was required in Modaraba (Islamic investment system) scam as he formulated a company and lured innocent people by enhancing rates of interest for which he was not authorised. During the investigation it was revealed that apparently thousands of people have been defrauded by the accused and his accomplices.

It is pertinent to mention that the accused entered into 'voluntary return' with NAB Rawalpindi to pay back the looted money, but he failed to do so. Now the looted money will be recovered from the accused and will accordingly be disbursed to the affectees after proper verification. A large number of claimants submitted their claims to NAB for remedial action.


 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
What about business communities?
The Secrets of Barcelona
Suggested Sites