ISLAMABAD - National Accountability Bureau (NAB) on Tuesday approved to file another reference in a Rs 324.449 million Modarba case of M/s Islamic Traders Private Limited.

The NAB will file the reference in the Accountability Court Rawalpindi. The reference has been approved against Maulana Abdullah, main accused in this case, Abdur Rehman and three other accused persons of M/s Islamic Traders (Pvt) Ltd on charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment.

The reference has been approved by Director General (DG) NAB Rawalpindi, exercising powers delegated to him by NAB Chairman Qamar Zaman Chaudhry under the National Accountability Ordinance (NAO) 1999. The NAB Rawalpindi has received more than 650 complaints from the general public alleging therein that the accused persons have collected millions of rupees as investment in the name of their Modarba business. They paid profits for few months but now they are neither paying the profit nor returning the principal amount.

It is pertinent to mention here that the Regional Bureau Rawalpindi is currently investigating 93 cases of multi-billion Modarba scam and has so far received 40,139 claims from the scam affectees. The Bureau has so far recovered Rs1.691 billion in this mega scam.

As many as 16 accused persons have so far been arrested in Modarba scam including Mufti Ehsan-ul-Haq, Mufti Ibrar-ul-Haq, Hafiz Muhammad Nawaz, Moeen Aslam, Obaidullah, Mufti Shabbir Ahmad Usmani, Sajjad Ahmed, Asif Javed, Ghulam Rasool Ayubi, Muhammad Hussain Ahmed, Hamid Nawaz, Muhammad Irfan, Bilal Khan Bangash, Matiur Rehman, Muhammad Nauman Qureshi and Syed Aksheed Hussain.